Sec. 130-79. Refusal to make returns; estimate of taxes; penalty notice; assessment.
(a) Under this article:
(1) If a taxpayer neglects or refuses to make a return in payment of the sales tax or to pay any sales tax as required by this article, the finance director shall make an estimate, based upon such information as may be available, of the amount of taxes due for the period for which said person is delinquent and shall add thereto a penalty equal to ten percent of such delinquent taxes, plus one-half percent per month from the date when due, not exceeding 18 percent in aggregate, and interest on such delinquent taxes at the rate imposed under subsection (c) of this section.
(2) If a taxpayer neglects or refuses to make a return in payment of the use tax or to pay any use tax as required by this article, the finance director shall make an estimate, based upon such information as may be available, of the amount of taxes due for the period for which said person is delinquent and shall add thereto a penalty equal to ten percent of such delinquent taxes, plus one-half percent per month from the date when due, not exceeding 18 percent in aggregate, and interest on such delinquent taxes at the rate imposed under subsection (c) of this section.
(b) Promptly thereafter, the finance director shall assess the delinquent taxpayer such estimated taxes, penalty and interest. Notice and review of such assessment shall be provided to the taxpayer in accordance with section 130-64.
(c) When interest is required or permitted to be charged under any provisions of this article, the annual rate of interest shall be that established by the state commissioner of banking pursuant to C.R.S. § 39-21-110.5.
(d) Nothing in this section or in sections 130-68 and 130-69 shall preclude the city from utilizing any other applicable penalties or remedies for the collection or enforcement of sales or use taxes. (Code 1979, § 36-37; Ord. No. 2017-13, § 11, 4-3-2017)