(a) As soon as practicable after a return is filed, it shall be reviewed for accuracy and completeness. If it appears from the information on a return that the tax due is greater or lesser than the amount remitted, the tax shall be recomputed.

(b) If the amount of tax remitted with a return is more than is due based upon the information on the return, a notice shall be sent to the taxpayer. If the overpayment is at least fifteen dollars ($15.00), a notice of overpayment shall be issued and the taxpayer may either submit a written claim for refund or file an amended return reporting the correct tax due. No refund of a tax overpayment shall be paid unless a claim for refund is submitted to the Town on or before the thirtieth day from receipt of the notice of overpayment. If an overpayment is less than fifteen dollars ($15.00), it shall be credited to the tax due for the next reporting period.

(c) If the amount of the tax remitted with a return is less than is due based upon the information on the return, and the underpayment is at least fifteen dollars ($15.00), a notice of assessment shall be issued and the taxpayer shall pay to the Town the tax due, along with the appropriate interest and penalty set forth in Section 4-9-50(h), within twenty (20) days after the notice of assessment is served on the taxpayer. The taxpayer may appeal a notice of assessment, or the amount due thereunder, to the Town Manager.

(d) Every claim for a refund submitted under this Section must be made in writing and, if not made on the appropriate form therefor, shall, at a minimum, be signed by the taxpayer and include the amount of the asserted refund and adequate documentation of the claim. The Finance Director shall promptly review and determine all claims for a refund and notify the taxpayer of the same in writing. Determinations of the Finance Director may be appealed to the Town Manager. Any taxpayer dissatisfied with a decision of the Town Manager on his or her claim for a refund may file an appeal in the District Court in and for the County.

(e) It is unlawful for any person to make any false statement in connection with a refund claim; and no refund or claim for a refund shall be assignable. (Ord. 1498 §1 (Exh. A), 2019)