Sec. 4-2-220. Reporting periods.
(a) Unless otherwise approved by the Town, taxpayers must file returns and pay taxes as follows:
(1) Upon approval of the Finance Director, a taxpayer whose monthly tax is ten dollars ($10.00) or less may file returns and pay tax annually, semi-annually, quarterly or monthly.
(2) Upon approval of the Finance Director, a taxpayer whose monthly tax due is more than ten dollars ($10.00) and less than twenty dollars ($20.00) may file returns and pay tax semi-annually, quarterly or monthly.
(3) Upon approval of the Finance Director, a taxpayer whose monthly tax due is more than twenty dollars ($20.00) and less than forty dollars ($40.00) may file returns and pay tax quarterly or monthly.
(4) A taxpayer whose monthly tax due is forty dollars ($40.00) or more shall file returns and pay tax monthly.
(5) For the purpose of the timing of the filing of returns, the amounts considered in Paragraphs (1) through (4) must be consistent for a period of three (3) consecutive months to be approved for any schedule other than reporting monthly.
(b) The reporting period for a final return shall end on the date of the transfer of ownership or cessation of the business.
(c) The reporting period for a vendor selling tangible personal property at a temporary location or site of a special event within the Town shall end on the day the temporary location closes or special event concludes.
(d) If any taxpayer who has been granted permission to file returns and pay tax on other than a monthly basis becomes delinquent, authorization for such alternate method of reporting may be revoked by the Finance Director, and immediately following notice of such revocation, the taxpayer shall file returns and pay tax on a monthly basis as if the alternate method of reporting and paying the tax had never been granted. (Ord. 1263, 2007)