Ord76 1679 - Laserfiche WebLink

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"Section 32.52. The tax imposed by this article shall be paid to the Controller by the persons referred to in Section 32.42. Whenever the Controller has reason to believe that the full amount of tax due has not been paid, he may, by notice served upon any person liable for the tax, require him to furnish a true copy of his records relevant to the value of the consideration or fair market value of the property trans- ferred. Such notice may be served at any time within three years after recordation of the deed, instrument or writing which tra"lsfers such property. "Section 32.53. If on the basis of such information as the Controller receives pursuant to Section 32.52 and/or on the basis of such other information that comes into his possession, he determines that the amount of the tax paid is insufficient, he may recompute the tax due on the basis of such information. One or more deficiency determination or determinations may be made of the amount due with respect to any transfer. "Section 32.54. The Controller shall give notice to a . person liable for payment of the tax imposed under this article of his determination made under Section 32.53. Such notice shall be given within three years after the recordation of the deed, instrument or writing effecting the transfer on which the tax deficiency determination was made. "Section 32.55. Any notice required to be given by the Controller under this article may be served personally or by mail; if by mail, service shall be made by depositing the notice in the United States Mail, in a sealed envelope with postage paid, addressed to the person on whom it is to be served at his address as it appears in the records of the City or as ascertained by the Controller. The service is complete -6- .__e___e,_,___-'._-------- ,. ',_,'.e__,___---------'