(a) Every person who anticipates any taxable income which is not subject to Section 191.16 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 191.02 hereof 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 wages from which the tax will be withheld and remitted to the City, in accordance with Section 191.16 hereof, such person need not file a declaration; and provided, however, no declaration is due nor are quarterly estimated payments required if the estimated payments for the taxable year will total less than one hundred dollars ($100.00).
(b) Filing of Declarations.
(1) Such declaration shall be filed on or before April 30th of each year, and on or before April 15th for taxable years 2005 and later, during the life of this ordinance, except that no penalties or interest shall be assessed, for not filing a declaration, on any resident taxpayer who was not domiciled in the City of Circleville on the first day of January in the year in which they became subject to estimated payments, nor shall penalties or interest be assessed on estimated payments if the taxpayer has remitted an amount equal to one hundred percent of the previous year’s tax liability, provided that the previous year reflected a twelve-month period, or has remitted at least 90% of final tax liability for the tax year for which the most recent tax return is due. A declaration of estimated tax which does not meet the payment requirements of this chapter shall not be considered filed in good faith. The difference shall be subject to penalties and interest as provided for in Section 191.12.
(2) Those taxpayers reporting on a fiscal year basis shall file a declaration within 120 days after the beginning of each fiscal year or period, and within a 105 days for taxable years 2005 and later. Such declaration shall be filed upon a form furnished by, or obtainable from the City Auditor.
(c) Adjustment to Declarations.
(1) In accordance with the provisions of Section 191.04 hereof, credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
(2) The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment date and provided for herein.
(d) Effective January 1, 2003, Such declaration of estimated tax to be paid the City by taxpayers who are individuals shall be accompanied by a payment of one-fourth (1/4) of the estimated annual tax and at least a similar amount shall be paid on or before July 31st and October 31st of the taxable year, and January 31st of the following year. Provided, however, that in case 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) Effective January 1, 2003, such declaration of estimated tax to be paid to the City by corporations and associations shall be accompanied by a payment of one-fourth of the estimated annual tax and at least a similar amount shall be paid on or before June 15, September 15 and December 15. In the case of a fiscal year taxpayer the second, third, and fourth quarterly estimated payments shall be due on the fifteenth day of the sixth, ninth, and twelfth months of the taxable year, respectively.
(Ord. 01-02-2004. Passed 1-6-04.)