A. The license fees (taxes) imposed under this chapter shall be due and payable in monthly installments and remittances therefor shall be made on or before the fifteenth day of the month next succeeding the end of the month in which the tax accrued. The taxpayer on or before the fifteenth day of such month shall make out a license application and return, upon such forms and setting forth such information as the city treasurer may require, showing the amount of the tax for which the taxpayer is liable for the preceding month, sign and transmit the same to the city treasurer, together with a remittance for such amount in the form required in BMC 5.08.130; provided, that any such taxpayer may elect to remit each month on such forms as the city treasurer prescribes an estimate of one-twelfth of the tax to be due for the full license year on or before the fifteenth day of the month next succeeding the end of the month in which the tax accrued, and shall file an annual return to the city treasurer on or before the fifteenth day of the month next succeeding the end of the year and shall remit therewith the balance of the actual tax due for the full year, or in the event of overpayment, apply for a refund; provided, further, that every person who elects to remit a monthly estimate of the tax to be due as described in this section shall remit each month at least one-twelfth of the amount of tax paid during the previous full year.

B. The city treasurer may also relieve any taxpayer or class of taxpayers from the obligation of filing monthly returns and may require the return to cover other reporting periods, but in no event shall returns be filed for a period greater than one year.

C. The city treasurer may also require verified annual returns from any taxpayer, setting forth such additional information as it may deem necessary to correctly determine tax liability. (Ord. 1108 § 2, 1983; Ord. 814 § 8, 1976).