If any retailer shall, during any reporting period, collect as a sales tax an amount in excess of the applicable rate for his or her total taxable sales, he or she shall remit to the finance director the full net amount of the tax imposed in this division and also such excess. The retention by the retailer of any excess tax collections or the intentional failure to remit punctually to the finance director the full amount required to be remitted by this division is declared to be a violation of this article. (Code 1979, § 36-86; Ord. No. 2017-13, § 27, 4-3-2017; Ord. No. 2016-59, § 4, 11-14-2016)