§ 68-387. Returns by taxpayers.

(a)

Except as provided in this section, each individual or business whose earnings or profits are subject to the tax imposed by this article shall make and file a return with the director by the 15th day of the fourth month following the taxable year. The return shall be made in a form prescribed by the director and showing the amount of tax due and owing and such other pertinent information as the director may require.

(b)

Any business or individual may request an extension of time to file by submitting a written request for an extension in a form prescribed by the director.

(c)

All requests for extensions of time to file must be submitted by the 15th day of the fourth month following the end of the taxable year and must be accompanied by a payment of at least 90 percent of the estimated tax balance due. The underpayment of tax liability with an extension request will subject the taxpayer to the interest and penalties set forth in this section.

(d)

After delinquency, extensions of time to pay shall not be granted except for exceptional mitigating circumstances for the cause of the delinquency and demonstrated proof of financial ability to repay the delinquency. If the taxpayer meets such criteria, the commissioner, in his or her discretion, may permit the taxpayer to enter into a payment agreement, in a form prescribed by the commissioner, to pay the tax, along with interest and penalties, in installments for a period not to exceed six months. Failure to make any installment payment due under the agreement shall cause the entire balance due to become payable immediately, and subject to recovery and collection as provided in this article.

(Code of Gen. Ords. 1967, § 32.149; Ord. No. 931336, 12-9-93; Ord. No. 120012, § 3, 1-19-12)