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Article
II - Determination of Gross Income
Sec.
___-220. Determination of gross income: artificially contrived transactions.
The Tax Collector
may examine any transaction, reported or unreported, if, in his opinion,
there has been or may be an evasion of the taxes imposed by this Chapter
and to estimate the amount subject to tax in cases where such evasion
has occurred. The Tax Collector shall disregard any transaction which
has been undertaken in an artificial manner in order to evade the taxes
imposed by this Chapter.
Web.
Rev. Date: 10-30-2000
©2001 Model City Tax Code
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