Every taxpayer who anticipates any income which is not subject to the provisions of Section 229.04
shall file a declaration of the estimated Ashland Municipal Income Tax on such income for the taxable year of 2003. Such declaration shall be filed on or before April 30, 2003, and thereafter a similar declaration shall be filed for each calendar year on or before April 30 of each ensuing year by all such taxpayers.
Such declaration shall be filed on a form, prescribed by the Director of Finance and Public Record and furnished by the Director, which form may simply state that the figures used in making such declaration are the figures used in making the declaration of the estimate for the Federal income tax, providing that it is understood that such figures may be modified according to the provisions of the Codified Ordinances where necessary in order that the declaration required by this section shall set forth only such income as is taxable under the provisions of this Title Nine.
For individuals, the declaration to be filed on or before April 30, 2003, and the declaration to be filed on or before April 30 of each ensuing year shall be accompanied by payment of at least 22-1/2% of the estimated Ashland Municipal Income Tax, and at least a similar amount shall be paid on or before July 31, October 31 and January 31 of such taxable year. For calendar year taxpayers that are not individuals, 22-1/2% by the taxpayer’s Federal return filing date, 45% by June 15, 67-1/2% by September 15, and 90% by December 15, and for fiscal year taxpayers that are not individuals, 22-1/2% by the 15th day of the fourth month of the taxpayer’s taxable year, 45% by the 15th day of the sixth month, 67-1/2% by the 15th day of the ninth month, and 90% by the 15th day of the 12th month. Any amount deducted and withheld for taxes from an individual’s compensation is considered as estimated taxes paid in equal amounts of the prescribed payment dates. Such estimate may be amended at the time of the making of any quarterly payment and, on or before April 30 of the year following that for which the declaration was filed, a final return shall be filed and any balance which may be due the City shall be paid therewith. Should it appear that such taxpayer has paid more than the amount of the tax to which the City would be entitled, a refund of the amount so overpaid shall be made, or same may be applied toward the declaration of tax due for the ensuing year. Claims for refunds shall be made on forms prescribed by and obtainable from the Director.
(Ord. 70-02. Passed 11-19-02.)