(a) Every person who anticipates any taxable income which is not subject to Section 181.06 hereof, or who engages in any business, profession, enterprise, or activity subject to the tax imposed by Section 181.03 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 which the tax will be withheld and remitted to the City in accordance with Section 181.06 hereof, 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 the 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 Commissioner, provided however, credit shall be taken for the City tax to be withheld from any portion of such income. In accordance with the provisions of Section 181.14 hereof, credit may be taken for tax to be paid or to be withheld and remitted to another taxing municipality.
(2) The original declaration, or 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 for individuals that are to be paid the City shall be accompanied by payment of twenty-two and one-half percent (22.5%) of the estimated tax by April 30th. Subsequent estimated payments shall be paid as follows: forty-five percent (45%) by July 31st, sixty-seven percent (67%) by October 31st, and ninety percent (90%) by January 31st. 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) On or before the fifteenth day of the fourth month (April 15) 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 City shall be paid therewith in accordance with the provisions of Section 181.05. (Ord. 04-26. Passed 10-25-04.)