(a) Every person who anticipates any taxable income which is not subject to § 151.15 or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 151.03 shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax liability due thereon, if any; provided, however, that if a person's income is wholly from qualifying wages or other compensation from which the tax will be withheld and remitted to the Municipality in accordance with § 151.15, such person need not file a declaration.
(b) The declaration required by subsection (a) hereof shall be filed on or before April 15 of each year during the effective period set forth in § 151.04 or within four months of the date the taxpayer becomes subject to the Municipal income tax for the first time. Fiscal year taxpayers shall file such declaration within four months after the beginning of each fiscal year or period.
(c) The declaration required by subsection (a) hereof shall be filed upon a form furnished by, or obtainable from, the Administrator or on such other form permitted by Ohio law; provided, however, that credit shall be taken for Municipal tax to be withheld from any portion of such income, in accordance with the provisions of §§ 151.21 or 151.22, credit may be taken for tax to be paid or to be withheld and remitted to another taxing municipality. 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.
(d) Such declaration of estimated tax to be paid to the Municipality shall be accompanied by a payment made as set forth in subsection (e) or (f) below.
(e) Beginning January 1, 2003, an individual taxpayer required to make payment of estimated taxes shall remit such payments as follows:
(1) 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;
(2) 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 the thirty-first day of July;
(3) 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 the thirty-first day of October;
(4) Not more than 90% of the taxpayer’s estimated tax liability for the year referred to in division (B)(1), (2), and (3) of this section shall be required to have been remitted on or before the thirty-first day of January.
(5) 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 (b) of this section.
(f) Beginning January 1, 2003, a taxpayer which is not an individual shall remit such payments as follows:
(1) 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;
(2) 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 the fifteenth day of June or, in the case of a fiscal year taxpayer, the fifteenth day of the sixth month of the taxpayer’s taxable year;
(3) 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 the fifteenth day of September or, in the case of a fiscal year taxpayer, the fifteenth day of the ninth month of the taxpayer’s taxable year;
(4) 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 the fifteenth day of December or, in the case of a fiscal year taxpayer, the fifteenth day of the twelfth month of the taxpayer’s taxable year;
(g) Notwithstanding the foregoing requirements, the Municipality 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:
(1) The taxpayer is an individual who resides in the municipal corporation but was not domiciled there on the first day of January of the current calendar year.
(2) The taxpayer has remitted, pursuant to division (e) or (f) of this section, an amount equal to 100%, or more, 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 twelve-month period and the taxpayer filed a return for the preceding year.
(Ord. 512. Passed 12-15-69; Am. Ord. 2345. Passed 6-8-06.)