Collection of Past Due Taxes

Commencing October 1, 1987, the Department of Revenue and Taxation is mandated to collect at least eighty percent (80%) of all current taxes due, and seventy percent (70%) of all past due receivables. Also, commencing October 1, 1987, in all cases of unpaid business privilege taxes, demand for payment shall be made in writing within thirty

(30)days of filing unpaid business privilege tax returns, unpaid income tax returns or unpaid withholding tax returns, and levies or assessments (as appropriate) and liens shall be filed on such unpaid amounts not later than sixty

(60)days of filing unpaid business privilege tax returns or unpaid income tax returns. Notice and demand that the taxpayer file business privilege tax return shall be mailed or delivered within thirty

(30)days of the due date of any unfiled business privilege tax returns. Assessments on unpaid income tax returns or unpaid withholding tax returns shall be filed within thirty

(30)days of the due date of unpaid withholding tax returns or unpaid income tax returns, unless the Director of Revenue and Taxation has approved payment arrangements. Any business which does not file business privilege tax returns for three

(3)successive months shall be closed after a prompt hearing pursuant to the Administrative Adjudication Law by the Director of Revenue and Taxation unless all tax returns are filed and satisfactory payment arrangements are made. All assets of the business shall be seized after such hearing until all required tax returns are filed. Not- COL 041309 CH. 15 GENERAL PROVISIONS withstanding any other provision of law, no such hearing shall be public unless requested by the taxpayer, provided that any appeal through the courts shall be public. No real property or property other than money may be accepted by the Department of Revenue and Taxation as final settlement for any outstanding tax liability without prior specific statutory authority. As a condition of any such transfer, the taxpayer shall waive confidentiality. Nothing herein shall affect the power of the Department of Revenue and Taxation to levy, seize and sell property or properties at public auction.