(A) Requirements for filing. Every person who anticipates any taxable income which is not subject to § 95.06 of this subchapter, or who engages in any business, profession, enterprise or activity resulting in qualified wages subject to the tax imposed by this subchapter, 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 full amount of tax will be withheld and remitted to the city in accordance with this subchapter, such person need not file a declaration.
(B) Dates for filing.
(1) Such declaration shall be filed on or before April 15 of such calendar year; or on or before the fifteenth day of the fourth month after he or she first becomes subject to the provisions of this subchapter, whichever is later.
(2) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration on or before the fifteenth day of the fourth month following the start of each fiscal year or period.
(C) Forms; credit for tax withheld or paid another community.
(1) Such declaration shall be filed upon a form furnished by, obtainable from or a generic form acceptable to the Tax Administrator. Credit shall be taken in the declaration for the municipal tax to be withheld from any portion of such income and for income taxes to be paid to another taxing municipality for which credit is allowed against municipal tax under § 95.15 of this chapter.
(2) The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment date as provided for herein.
(3) A declaration of estimated tax to be paid the municipality by taxpayers who are individuals shall be accompanied by payment as follows:
(a) Not more than 22.5% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before the fifteenth day of April or the day on which the annual tax return for the prior year is required to be filed disregarding any extension, as prescribed by ordinance or rule of the municipal corporation;
(b) Not more than 45% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before July 31.
(c) Not more than 67.5% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before October 31;
(d) Not more than 90% of the taxpayer’s estimated tax liability for the year referred to in division (A)(1), (2), and (3) of this section shall be required to have been remitted on or before January 31.
(e) Any amount deducted and withheld for taxes from the compensation of an individual shall be considered as estimated taxes paid in equal amounts on each of the payment dates prescribed by division (a) of this section.
(4) A declaration of estimated tax to be paid the municipality by taxpayer’s that are not individuals shall be accompanied by payment as follows:
(a) Not more than 22.5% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before the day on which the annual tax return for the prior year is required to be filed disregarding any extension or, in the case of a fiscal year taxpayer, the fifteenth day of the fourth month of the taxpayer’s taxable year;
(b) Not more than 45% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before July 31 or, in the case of a fiscal year taxpayer, the thirty-first day of the sixth month after taxpayer’s taxable year;
(c) Not more than 67.5% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before of October 15 or, in the case of a fiscal year taxpayer, the thirty-first day after the ninth month of the taxpayer’s taxable year;
(d) Not more than 90% of the taxpayer’s estimated tax liability for the current year shall be required to have been remitted on or before January 15 or, in the case of a fiscal year taxpayer, the thirty-first day of the thirteenth month of the taxpayer’s taxable year.
(5) A municipal corporation shall not impose any penalty, interest, interest penalty, or other similar assessment or charge against a taxpayer for the late payment or nonpayment of estimated tax liability in either of the following circumstances:
(a) The taxpayer is an individual who resides in the municipal corporation but was not domiciled there on January 1 of the current calendar year;
(b) The taxpayer has remitted, pursuant to division (2) or (3) of this section, an amount at least equal to one hundred percent of the taxpayer’s tax liability for the preceding year as shown on the return filed by the taxpayer for the preceding year, provided that the return for the preceding year reflected a 12-month period and the taxpayer filed a return for the preceding year.
(D) Declaring not filing. The mere submission of a declaration estimating a tax liability shall not constitute filing unless accompanied by the required payment.
(E) Amended declaration. A declaration may be amended at any time, provided however, that in case an amended declaration is filed; the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates.
(F) Annual return required. On or before April 15th of the calendar year or the fourth month of the fiscal year all city residents shall file an annual return and any balance which may be due the municipality must be paid therewith in accordance with the provisions of § 95.18 of this chapter.
(Ord. 1-05, passed 1-24-05)