(a) Every person who anticipates any taxable income which is not subject to § 880.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 880.03, shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity, together, with the estimated tax 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 this municipality in accordance with § 880.06, such person need not file a declaration.
(b) (1) Such declaration shall be filed on or before April 15 of each year during the life of this chapter, or within four months of the date the taxpayer becomes subject to tax for the first time.
(2) Those taxpayers reporting on a fiscal year basis shall file a declaration within four months after the beginning of each fiscal year or period.
(c) (1) Such declaration shall be filed upon a form furnished by, or obtainable from the Administrator, provided, however, credit shall be taken for the municipality’s income tax to be withheld from any portion of such income. In accordance with the provisions of § 880.15, 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) An amended declaration must be made by January 31 for individuals and December 15 for all other taxpayers if it appears that the original declaration underestimated the income for the year by more than 10% or if the original declaration is not equal to the taxpayer’s prior year tax liability.
(e) For individuals, such declaration of estimated tax to be paid this municipality shall be accompanied by a payment of at least one-fourth of the estimated annual tax on or before April 30, July 31, and October 31 of the taxable year, and January 31 of the next year. For all other taxpayers, such declaration of estimated tax to be paid to this municipality shall be accompanied by a payment of at least one-fourth of the estimated annual tax on or before April 30 and at least a similar amount shall be paid on or before June 15, September 15 and December 15. A taxpayer reporting on a fiscal year shall make a payment of at least one-fourth of the estimated tax on or before the fifteenth day of the fourth month of the taxpayer’s taxable year and the fifteenth day of the sixth, ninth and twelfth months of the taxpayer’s taxable year, provided, however, that in the case of an amended declaration having been filed, the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates.
(f) On or before the last day of the fourth month of the year following that for which such declaration or amended declaration was filed, 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 § 880.05.
(Ord. 73-O-66, passed 11-20-1973; Ord. 04-O-2146, passed 7-6-2004)