ORD 1550 - Laserfiche WebLink

Ordinance No. 1550 Section 5.08.030 Renewal license. In all cases, the applicant for the renewal of a license shall submit to the collector on or before January 1st an application for renewal containing a sworn statement upon a form to be provided by the collector, setting forth such information concerning the applicant's business during the preceding calendar year, as may be required by the collector to enable the collector to verify the amount of the license tax paid by said applicant pursuant to the provisions of this title. Section 5.08,040 Statements and records. (Subsection A, no change.) B. In the event that the collector deems it necessary, the collector may require that a licensee or applicant for license submit a verification by a certified public accountant attesting to such financial information as may be necessary to ascertain the amount of license tax due, or at the option of the City, the collector may examine the applicant's records or business transactions in order that the proper license tax may be computed, including but not limited to the most recently filed Federal Schedule C form if for a sole proprietorship, Federal Form 1065 if for a partnership or Federal Form 11/20/1120S for corporations. Section 5.08.050 Information confidential. (Subsections A - F, no change.) G. The disclosure of information to the State of California Franchise Tax Board and any other information as legally required by the State. Section 5.08,080 Additional power of collector. In addition to all other power conferred upon the collector, the collector or the collector's assistants shall have the power to extend the time for filing any required sworn statement or application for a period not to exceed sixty (60) days, and in such cases to waive any penalty that would otherwise have accrued. Page 5