(a) Requirement for Filing. Every person who anticipates any taxable income which is not subject to Section 171.06, or who engages in any business, profession, enterprise or activity resulting in income subject to the tax imposed by this chapter, shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereon, if any. Provided, however, if a person’s income is wholly from qualifying wages from which the tax will be held and remitted to this Municipality in accordance with Section 171.06, such person need not file a declaration.
(b) Dates for Filing.
(1) After 1978 such declaration shall be filed on or before April 15 of such calendar year; or within four (4) months after either the start of the taxpayer's fiscal year or when he first becomes subject to the provisions of this section, whichever is later.
(c) Forms; Credit for Tax Withheld or Paid Another Community.
(1) The declaration shall be filed on a form furnished by, or obtainable from the Tax Commissioner, on an acceptable generic form, and credit shall be taken for the Municipal tax to be withheld from any portion of such income. Credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality in accordance with Section 171.15.
(2) A declaration of estimated tax to be paid the Municipality shall be accompanied by a payment of at least the following percentages of the estimated tax, less credit for taxes withheld or paid to another municipality, and at least a similar amount shall be paid on or before the fifteenth (15th) day of the fourth (4th) month and the last day of the month following each calendar quarter thereafter: for each year after 1970 one-fourth (1/4).
(d) Amended Declaration.
(1) A declaration may be amended at any time.
(2) In the event that an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates.
(e) Annual Return Required. On or before the fifteenth (15th) day of the fourth month following the end of the calendar or fiscal year, an annual return shall be filed and any balance which may be due the Municipality shall be paid therewith in accordance with the provisions of Section 171.05.
(Ord. 2006-70. Passed 12-14-06.)
(Ord. 2006-70. Passed 12-14-06.)