§ 23-8. Limitations and extensions.

(a)

Where, before the expiration of the time prescribed for the assessment of any license tax imposed pursuant to this chapter, both the commissioner of the revenue and the taxpayer have consented in writing to its assessment after such time, the tax may be assessed at any time prior to the expiration of the period agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon.

(b)

Notwithstanding § 58.1-3903 of the Code of Virginia, the commissioner of the revenue shall assess the local license tax omitted because of fraud or failure to apply for a license for the current license year and the six (6) preceding license years.

(c)

The period for collecting any license tax under this chapter shall not expire prior to the period specified in State Code § 58.1-3940, two (2) years after the date of assessment if the period for assessment has been extended pursuant to this subdivision of the ordinance, two (2) years after the final determination of an appeal for which collection has been stayed pursuant to section 23-8.1(b) or (d) of this chapter, or two (2) years after the final decision in a court application pursuant to section 40-227 or a similar law for which collection has been stayed, whichever is later.

(Ord. No. 4969-96, § 1; Ord. No. 5816-02, § 1; Ord. No. 6253-06, § 1)

(Ord. No. 4969-96, § 1; Ord. No. 5816-02, § 1; Ord. No. 6253-06, § 1)