§ 6-481. Limitations on actions.

(a)

The village, through the local tax administrator, shall review tax returns in a prompt and timely manner and inform taxpayers of any amounts due and owing.

(b)

No determination of tax due or assessment may be issued more than four years after the end of the calendar year for which the return for the applicable period was filed, or in which the return for the applicable period was due, whichever occurs later.

(c)

If any tax return was not filed, or if during any four-year period for which a notice of tax determination or assessment may be issued by the village and the tax paid or remitted was less than 75 percent of the tax due for that period, the period of limitations for actions to collect tax due shall be no more than six years after the end of the calendar year in which the return for the period was due or the end of the calendar year in which the return for the period was filed, whichever occurs later.

(d)

The period of limitations set forth in subsections (a) and (b) of this section shall not apply if a fraudulent tax return was filed by the taxpayer.

(Code 1993, § 6-11.13; Ord. No. 2001-O-24, 4-10-2001)