Ordinance 3041-07 - Laserfiche WebLink

application for refund of such taxes is made by the taxpayer or the director discovers that a refund or credit is due. C. Refunds shall be made by means of vouchers approved by the director and by the issuance of a city check or warrants drawn upon and payable from such funds as the city may provide. D. Any final judgment for which a recovery is granted by any court of competent jurisdiction for tax, penalties, interest, or costs paid by any person shall be paid in the same manner as provided in subsection C of this section, upon the filing with the director a certified copy of the order or judgment of the court. E. 1. For refunds of amounts paid or other recovery allowed to a taxpayer after December 31, 1991, and before July 1, 2002, the rate of interest shall be the rate as computed by taking seventy-five percent of the current (daily) state pool rate compounded annually. 2. For refunds or credits of amounts paid or other recovery allowed to a taxpayer after July 1, 2002, and before January 1, 2005, the rate of interest shall be the federal short-term interest rate as outlined for assessments under Section 3.19.090(B)(2) and (3) less two percentage points. 3. For tax periods after December 31, 2004, the Director shall compute interest on refunds or credits or amounts paid or other recovery allowed a taxpayer in accordance with RCW 82.32.060 as it now exists or may be amended. 4. If 3.19.100 E 3 is held invalid, then the provisions of RCW 82.32.050 existing at the effective date of this ordinance shall apply. Section 4. Section 1, Subsection 3.19.110 [EMC 3.19.110] Ordinance 2809- 04 (2004) which reads as follows: 3.19.110 Late payment—Disregard of written instructions—Evasion— Penalties. A. If payment of any tax due on a return to be filed by a taxpayer is not received by the director by the due date, the director shall add a penalty equal to five percent of the amount of the tax; and if the tax is not received on or before the last day of the month following the due date, the director shall add a total penalty equal to fifteen percent of the amount of the tax; and if the tax is not received on or before the last day of the second month following the due date, the director shall add a total penalty equal to twenty-five percent of the amount of the tax. No penalty assessed herein shall be less than five dollars. B. If a tax deficiency is assessed by the director, there shall be added a penalty equal to five percent of the amount of the deficiency. If payment of any tax deficiency assessed by the director is not received by the due date specified in the notice, or any extension thereof, the director shall assess a penalty equal to fifteen percent of the amount of the additional tax found due. If payment of any tax deficiency assessed by the director is not received on or before the thirtieth day following the due date specified in the notice, or any extension thereof, the 4