(a) Every person who anticipates any taxable income which is not subject to Section 191.06, or who engages in any business, profession, enterprise, or activity subject to the tax imposed by Section 191.03, shall file a declaration setting forth the estimated income or the estimated profit or less from the business activity, together with the estimated tax due thereon, if any. 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 191.06, the person need not file a declaration.
(b) The declaration shall be filed on or before April 30 of each year during the life of this chapter, or within four months of the date the taxpayer become subject to the tax for the first time. Those taxpayers reporting on a fiscal year basis shall file a declaration within four months after the beginning of each fiscal year of period.
(c) The declaration shall be filed on a form furnished by or obtainable from the Income Tax Director. However, credit shall be taken for the City’s income tax to be withheld from any portion of the income. The original declaration, or an subsequent amendment thereof, may be increased or decreased on or before any subsequent quarterly payment date provided for herein.
(d) The declaration of estimated tax to be paid the City shall be accompanied by a payment of at least one-fourth of the estimated annual tax and at least a similar amount shall be paid on or before the last day of the sixth, ninth, and thirteenth months after the beginning of the taxable year. However, if 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) On or before the last 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 paid.
(Ord. 62-04. Passed 11-22-04.)