[Amended 3-13-1994 by Ord. No. 11-95]
The provisions of this article shall apply to those banks, mortgage companies or mortgage servicing agencies which pay taxes on 100 tax line items or more in any quarter.
Banks, savings and loans, mortgage companies, mortgage servicing agencies or similar to which this article is applicable shall file quarterly tax information and payment information relating to taxes which such institutions and agencies pay on electronic media (3.5-inch double-sided double-density diskette) or such other media as the Tax Collector shall designate. Format of the data in said filing is to be either specified or approved by the Tax Collector in advance of such filing. Improper media or format will result in refusal of filing and assessment of penalties as stated in § 442-3 following.
[Amended 1-9-2006 by Ord. No. 38-2005]
In the event a bank, savings and loan, mortgage company, mortgage servicing agency or similar institution to which this article is applicable fails to file quarterly tax information and tax payment information on electronic media as aforesaid, a penalty therefor shall be assessed in the amount of $0.50 per tax line item. The said penalty shall be assessed against the bank, savings and loan, mortgage company or mortgage servicing agency which pays or attempts to pay the said taxes in violation of this article. The total penalty for any one filing/attempted payment shall not exceed the penalty limit of the Municipal Court.[1]
[1]
Editor's Note: See Ch. 1, Art. II, Penalty.