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    Home » Sec. 36-150. Same - Personal Property of Persons, Firms or Corporations.

    Sec. 36-150. Same - Personal Property of Persons, Firms or Corporations.

    Sec. 36-150. Same—Personal property of persons, firms or corporations.

    Effective on and after July 1, 2004, for the fiscal year beginning July 1, 2004 and ending June 30, 2005, and also for each and every fiscal year thereafter beginning July first and ending June thirtieth of each year, unless otherwise changed by council, all tangible personal property employed in a trade or business shall pay a tax of three dollars and eighty cents ($3.80) on each one hundred dollars ($100.00) of all personal property in the city; and should such person decline to give the commissioner of the revenue a list within the time specified by law, or within thirty (30) days of the necessary blank forms having been mailed or delivered to such person, the commissioner shall at once proceed to assess the property as he deems fair and just.
    Every taxpayer owning any of the property mentioned in this section, on January first of any year, shall file a return thereof with the commissioner of the revenue on the form so prescribed. Such return shall be filed on or before February fifteenth of each year. (Tax Code 1941, § 114.17; Ord. of 6-27-72; Ord. No. O-90-135, 5-15-90, eff. 7-1-90; Ord. No. O-04-062, 6-8-04, eff. 7-1-04; Ord No. O-05-091, 7-12-05, eff. 1-1-06)
    Last updated date: 10/23/2006 4:15:21 PM