(a) Notwithstanding
Section -540(a), no interest or penalty may be assessed on an amount
assessed as a deficiency if either:
(1) the deficiency
assessed is directly attributable to erroneous written advice furnished
to the taxpayer by an employee of the City acting in an official
capacity in response to a specific request from the taxpayer and
not from the taxpayer's failure to provide adequate or accurate
information.
(2) all of the
following are true:
(A) a tax
return form prepared by the Tax Collector contains a statement
that, if followed by a taxpayer, would cause the taxpayer to misapply
this Chapter.
(B) the taxpayer
reasonably relies on the statement.
(C) the taxpayer's
underpayment directly results from this reliance.
(b) Each employee
of the Tax Collector, at the time any oral advice is given to any
person, shall inform the person that the Tax Collector is not bound
by such oral advice.
(c) For purposes
of this Section "tax return form" includes the instructions that the
Tax Collector prepares for use with the tax return form.
