§ 9-28. Payment of local business tax; delinquency.
Latest version.
All receipts shall be sold by the Village Clerk beginning July 1 of each year, shall
be due and payable on or before September 30 of each year, and shall expire on September
30 of the succeeding year. If September 30 falls on a weekend or holiday, the tax
shall be due and payable on or before the first working day following September 30.
All new receipts sold on or after November 1 of each year will be sold for a prorated
amount based on the number of months remaining between the date of issuance and September
30 of that fiscal year. Those receipts not renewed when due and payable shall be considered
delinquent and subject to a delinquency penalty of ten percent for the month of October,
plus an additional five percent penalty for each month of delinquency thereafter,
until paid. However, the total delinquency penalty shall not exceed 25 percent of
the local business tax for the delinquent establishment.
