(a) Each employer within the Village who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly, or more often than monthly, and at the time of the payment so such qualifying, wage, salary, commission or other compensation, the tax of one percent of qualifying wages, salaries, commissions or other compensation due by the employer to the employee and shall make a return and pay to the Fiscal Officer the amount of taxes so deducted as follows:
For the three months ending March 31st, on or before April 30th;
For the three months ending June 30th, on or before July 31st;
For the three months ending September 30th, on or before October 31st;
For the three months ending December 31st, on or before January 31st.
(b) The reporting periods referred to in the preceding paragraphs are elastic to this extent: the employer will use the same quarterly accounting period for reporting taxes withheld under Chapter 183 as he uses in reporting quarterly taxes withheld to the Federal Government.
(c) The return shall be on a form prescribed by and obtainable from the Tax Administrator or other acceptable generic form and shall be subject to the rules and regulations prescribed therefor by the Tax Administrator.
(d) For adjustment of errors in returns of tax withheld by employers see Section 181.21.
(e) Each employer doing business within the Village shall submit to the Tax Administrator accurate copies of Federal Form W-2 statements, 1099 statements, and payroll reconciliation statements for each of its employees who were employed at any time during the calendar year. The W-2 statement, 1099 statement, and payroll reconciliation statements for each employee shall be filed by the employer with the Village Tax Administrator on or before January 31, of each year, for each employee employed at any time during the previous calendar year.
(f) All such statements shall contain an accurate statement of the current address of each employee. All employees of an employer doing business within the Village are required to notify the employer of any change of residence and the date thereof.
(Ord. 2004-07. Passed 9-26-04.)