87-072 Ordinance - Laserfiche WebLink

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the lottery sales agent from liability for payment and remittance of the tax to the Director unless the check is honored and is in the full and correct amount. The lottery sales agent shall make out a return upon such forms and setting forth such information as the Director of Finance may require, showing the amount of the tax for which such agent is liable for the preceding monthly period, and shall sign and transmit the same to the Director with a remittance for such amount. However, the Director map, at his or her discretion, require verified annual returns from lottery sales agents, setting forth such additional information as the Director may deem necessary to correctly determine the amount of tax collected and payable to the City. No person shall fail to comply with any requirement of the Director as to the report and remittance of the tax as required. The books, records and accounts of all lottery sales agents who sell State lottery tickets in the City shall, as to the sale of such tickets and receipt of moneys therefor, be at all reasonable times subject to examination and audit by the Director. 1503,05 INTEREST ON UNPAID TAXES. If the tax imposed by this chapter is not paid when due, there shall be added, as part of the tax due the City, interest at the rate of one percent per month from the time the tax became due until paid. 1503.06 RULES AND REGULATIONS. The Director of Finance is hereby authorized to promulgate rules and regulations, not inconsistent with the provisions of this chapter or of State law, for carrying out and enforcing the payment, collection and remittance of the tax herein levied. Copies of such rules and regulations shall be printed and made available in the office of the Director. No person shall fail to comply with any such rule or regulation. 1503.07 APPEALS. An appeal from any ruling of the Director of Finance under this chapter may be made to Council under such rules of procedure that are established by the Director or by Council. Council shall have authority to affirm, mofidy or annual any such ruling appealed from in conformity with the intent and purpose of this chapter. 1503.08 CONFIDENTIALITY OF RETURNS. All returns and information required by Section 1503.04, that come into the possession of the Director of Finance, his or her agents and employees shall be held confidential. No person shall make any disclosure thereof unless ordered by a court of competent jurisdiction. However, the Director may furnish the Bureau of Internal Revenue, Treasury Department of the Unites States, or the State Department of Taxation or the State Lottery Commission, with copies of return filed. 3