Torrance Municipal Code Art. 4 Returns and Payments

228.4.1 DATE PAYABLE.

The taxes imposed by this Chapter are due and payable on or before the 20th day of the month following the calendar quarter in which oil is produced or severed.

228.4.2 QUARTERLY FILING.

(Amended by O-2325)

Every operator shall, on or before the 20th day of July, 1971, and on or before the last day of the month following every calendar quarter thereafter, file with the Director on forms prescribed by the Director a return showing such information as the Director may require to carry out the purposes of this part.

228.4.3 REMITTANCE.

The operator shall transmit with each return a remittance payable to the Director for the amount of taxes due, including the amount required to be collected or withheld.

228.4.4 LESS THAN QUARTERLY FILING.

If the Director deems it necessary, in order to insure the payment of the taxes imposed by this Chapter or to facilitate the administration of this Chapter, he may require returns and payment of the taxes to be made for other than quarterly periods.

228.4.5 EXTENSIONS.

The Director, for good cause, may extend for not to exceed one (1) month the time for making any return required by this Chapter. The extension may be granted at any time, provided that a request therefor is filed with the Director within or prior to the period for which the extension may be granted.

228.4.6 EXTENSION INTEREST.

Any person to whom an extension is granted shall pay, in addition to the tax, interest at the rate of one-half (1/2) of one (1) percent per month, or fraction thereof, from the date on which the tax would otherwise have been due to the date of payment.