§ 26-461. Duty of taxpayer to file; date of filing.

(a)

Every person assessable with City taxes on tangible personal property or machinery and tools shall list such property on the forms provided by the Director of Finance and return the list to the Director on or before March 1 of each year in which such property is assessable for taxation by the City or, for motor vehicles and trailers, within 60 days of achieving taxable situs in the City, whichever is later.

(b)

Any person liable for tax in the City of Richmond who fails to file a return of tangible personal property or machinery and tools tax on or before March 1 of each year shall incur a penalty of ten percent of the tax assessed or $10.00, whichever is greater; provided, however, that the penalty shall not exceed the amount of the tax assessable for that year. This penalty shall become part of the tax due for that year and shall be in addition to all other penalties and interest incurred for late payment of taxes or for filing a false return.

(Code 1993, § 27-104; Code 2004, § 98-199; Ord. No. 2007-299-261, § 1, 11-26-2007)

(Code 1993, § 27-104; Code 2004, § 98-199; Ord. No. 2007-299-261, § 1, 11-26-2007)