Examination of returns; refunds, credits and deficiencies.
Denver Revised Municipal Code § 2-420
in effectSec. 2-420. - Examination of returns; refunds, credits and deficiencies.
(a) As soon as practicable after a return required by this article is filed, the executive director shall examine it for correctness. If it then appears that the correct amount of fee to be remitted is greater or less than that shown in the return, the fee shall be recomputed.
(b) If the amount paid exceeds that which is due, the excess shall be refunded with interest or credited against any subsequent remittance from the same store. Interest shall be paid on refunds. Interest shall accrue from the time the overpayment is made. The rate of interest shall be fixed and shall be the average monthly rate earned by the city on the general fund for the calendar year immediately preceding the year in which the refund is made.
(c) If the amount paid is less than the amount due, the difference, together with interest thereon at the rate of one (1) percent each month, or fraction thereof, from the until the date paid, together with applicable penalty, if any, shall be paid over by the store within thirty (30) days after written notice and demand for payment from the executive director.
(Ord. No. 1545-22, § 1, 12-19-22)
Source: City and County of Denver, Revised Municipal Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/co/denver/codes/code_of_ordinances?nodeId=TITIIREMUCO_CH2AD_ARTXXFEREDIBAPOFOCO_S2-420EXRERECRDEFetched: 10/27/2026