§ 50.19. MONTHLY RETURNS REQUIRED; COMPUTATION.

(A)

Each seller must file periodic returns as follows:

(1)

Those sellers whose total amount of tax anticipated to be collected within a calendar quarter exceeds one hundred twenty dollars ($120.00) are hereby required to execute and file not later than the twentieth day of each month, at the Finance Department of the City, a sworn statement on a form prescribed by the City setting forth the amount of tax to which the City became entitled under the provisions of this subchapter on account of bills paid by purchasers during the preceding fiscal month, and contemporaneously with the filing of the statement shall pay the amount of such tax to which the City is entitled to the Finance Department of the City to be deposited to the credit of such funds to the City and to be utilized for such purpose as the Commission may prescribe by ordinance or resolution.

(2)

Those sellers whose total amount of tax anticipated to be collected within a calendar quarter does not exceed one hundred twenty dollars ($120.00) may, rather than complying with subsection 50.19(A)(1), and with the written consent of the City, remit the taxes collected during such calendar quarter to the municipality on a quarterly basis. In such case, the seller is hereby required to execute and file a sworn statement at the Finance Department of the City on or before the twentieth day of the month following the end of the calendar quarter in which the taxes were collected, on a form prescribed by the City, setting forth the amount of tax to which the City became entitled under the provisions of this subchapter on account of bills paid by purchasers during the preceding fiscal quarter, and contemporaneously with the filing of the statement shall pay the amount of such tax to which the City is entitled to the Finance Department of the City to be deposited to the credit of such funds to the City and to be utilized for such purpose as the Commission may prescribe by ordinance or resolution.

(B)

In all cases where the seller of electricity or bottled gas, (natural or manufactured), collects the price thereof at monthly periods, the tax hereby levied may be computed on the aggregate amount of sales during such period, provided that the amount of tax to be collected shall be the nearest whole cent to the amount computed.

(Code 1980, §§ 25-28, 25-29; Am. Ord. No. 26-99, passed 7/20/99; Ord. No. 50-01, § 5, passed 9/19/01)