(A) As used in this section:
(1) "Estimated taxes" means the amount that the taxpayer reasonably estimates to be the taxpayer's tax liability for the Village of Columbus Grove's income tax for the current taxable year.
(2) "Tax liability" means the total taxes due to the Village of Columbus Grove for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.
(B) (1) The Tax Administrator shall make any taxpayer that is interested in making a declaration of estimated taxes for the current taxable year, on the form on the bottom of the income tax return. For the purpose of this section:
(a) Taxes withheld for the Village of Columbus Grove from qualifying wages shall be considered as paid to the Village of Columbus Grove in equal amounts on each payment date unless the taxpayer establishes the dates on which the amounts were actually withheld, in which case they shall be considered as paid on the dates on which the amounts were actually withheld.
(b) An overpayment of the tax applied as a credit to a subsequent taxable year is deemed to be paid on the date of the postmark stamped on the cover in which the payment is mailed or, if the payment is made by electronic funds transfer, the date the payment was submitted. As used in this division, "date of the postmark" means, in the event there is more than one date on the cover, the earliest date imprinted on the cover by the postal service.
(2) Interested taxpayers filing joint returns shall file joint declarations of estimated taxes. A taxpayer may amend a declaration under rules prescribed by the tax Administrator. A taxpayer having a taxable year of less than twelve months shall make a declaration under rules prescribed by the Tax Administrator.
(3) The declaration of estimated taxes shall be filed on or before the date prescribed for the filing of municipal income tax returns under division (G) of Section 191.05 or on or before the thirtieth day (30th) of the fourth month after the taxpayer becomes subject to tax for the first time.
(4) Interested taxpayers reporting on a fiscal year basis shall file a declaration on or before the thirtieth (30th) day of the fourth month after the beginning of each fiscal year or period.
(5) The original declaration or any subsequent amendment may be increased or decreased on or before any subsequent quarterly payment day as provided in this section.
(C) (1) The required portion of the tax liability for the taxable year shall be paid through estimated taxes made payable to the Village of Columbus Grove.
(2) When an amended declaration has been filed, the unpaid balance shown due on the amended declaration shall be paid in equal installments on or before the remaining payment dates.
(3) On or before the thirtieth (30th) day of the fourth month of the year following that for which the declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due shall be paid with the return in accordance with Section 718.05.
(4) The taxpayer is an individual who resides in the Village of Columbus Grove but was not domiciled there on the first day of January of the calendar year includes the first day of the taxable year.
(Ord. 2023-06. Passed 12-11-23.)