§ 20-59. Failure to file return.

If any taxpayer liable to file a return under this article neglects or refuses to file such return for any year within the time prescribed, the commissioner of the revenue shall, from the best information he can obtain, enter the fair market value of the property required to be returned and assess the same as if it had been reported to him. In addition, on the day after such return was due, the commissioner of the revenue shall assess a penalty of ten (10) percent of the taxes past due on such property or ten dollars ($10.00), whichever is greater; provided, however, that the penalty shall in no case exceed the amount of the tax assessable. The assessment of such penalty shall not be deemed a defense to any criminal prosecution for failing to make such return.

(Ord. of 12-19-77, § 17-53; Ord. of 4-17-78; Ord. of 7-21-86)

State Law reference— Authority for above penalty, Code of Virginia, § 58-847.

(Ord. of 12-19-77, § 17-53; Ord. of 4-17-78; Ord. of 7-21-86)

State law reference

Authority for above penalty, Code of Virginia, § 58-847.