If the administrator for the board determines that the collection of any tax or any
amount of tax required to be collected and paid under this article will be jeopardized
by delay, he shall make an assessment of the tax or amount of tax required to be collected
and shall mail or issue a notice of the assessment to the taxpayer together with a
demand for immediate payment of the tax or of the deficiency in tax declared to be
in jeopardy, including penalties and interest. In the case of a current period, for
which the tax is in jeopardy, the administrator may declare the taxable period of
the taxpayer immediately terminated and shall cause notice of this finding and declaration
to be mailed or issued to the taxpayer together with a demand for immediate payment
of the tax based on the period declared terminated and the tax shall be immediately
due and payable, whether or not the terms otherwise allowed by this article for filing
a return and paying the tax has expired. (Code 1963, Sec. 36-55.1; Ord. No. 4473,
1/20/07, Sec. 1)
