(a) The taxpayer making a return shall, at the time of filing thereof, pay to the Administrator the balance of tax due, if any, after deducting the following:
(1) The amount of City income tax deducted or withheld at the source pursuant to Section 880.14;
(2) Such portion of the tax as has been paid on declaration by the taxpayer pursuant to Section 880.15; and
(3) Any credit allowable under Section 880.29.
(b) Should the return or the records of the Administrator indicate an overpayment of tax to which the City is entitled under this chapter, such overpayment shall first be applied against any existing liability, and the balance, if any, at the election of the taxpayer communicated to the Administrator, shall be refunded or transferred against any subsequent liability. However, overpayments of less than one dollar ($1.00) shall not be refunded.
(Ord. 371-68. Passed 2-28-68.)