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<br />M . . oIl <br />J\1 a'rtznSlJZ / /e <br /> <br />City Council <br />Agenda Swnmary <br /> <br />Meeting Date: <br />Item No: <br />Department: <br />Issue: <br /> <br />December 12,2006 <br />5. <br /> <br />Commissioner of the Revenue <br /> <br />Consider authorizing two refunds by the City Treasurer of <br />$4,959.54 and $2,634.36 for overpayment of business <br />licenses. <br /> <br />Summary: <br /> <br />If a business estimates their business license liability when they file their <br />application in March, an audit is conducted to adjust the figures when the <br />business tax return is completed and submitted. Two businesses over-reported <br />their gross receipts when they filed their business license applications in March <br />2004 and the Commissioner's office has made an adjustment to the license <br />amount based on the audited figures. The refund for the overpayment exceeds the <br />$2500 limit that the City Treasurer is allowed to make without council <br />authorization. It is not subject to interest calculation. <br /> <br />Because gross receipt information is considered confidential information <br />pursuant to the state code, specific information that would publicly identify the <br />individual businesses is prohibited. <br /> <br />Attachments: <br /> <br />None <br /> <br />Recommendations: Motion to authorize the City Treasurer to refund $4,959.54 <br />and $2,634.36 to two separate businesses for overpayment of their 2004 business <br />licenses. <br />