§ 110.42. Notice of deficiency.

(A)

If the Tax Collector determines that a person has not paid the full amount of tax due under this article, either for the current license year or for a prior license year, he shall give the person written notice of the deficiency, pursuant to § 110.36. The notice of deficiency shall specify the total amount of tax due; the section of this article upon which the tax is based; the amount of tax paid; any interest due; the balance owed; the manner and time period in which the person may respond to the notice of the deficiency; and the consequences to the person if he or she fails to respond as specified.

(B)

Any person who commences or continues to conduct a business taxed under this article without payment of the tax is liable for the additional tax of five percent of the amount prescribed for the license per month or fraction thereof until paid, not to exceed 25 percent of the amount so prescribed, but in any event shall not be less then $5.00, as imposed by G.S. 105-236.

(1992 Code, § 11-53; Ord. passed 6-28-1984)