(a) Every taxpayer who anticipates any income which is not subject to the provisions of Section 183.05 shall file a declaration of the estimated tax for the taxable year of 1965. Such declaration shall be filed on or before April 15, 1965, and thereafter a similar declaration shall be filed for each calendar year on or before April 15 of each ensuring year for the duration of the taxes referred to herein, by all such taxpayers.
(b) Such declaration shall be filed upon a form prescribed by the Tax Administrator, or on an acceptable generic form, which form may simply state that figures used in making such declaration are the figures used in making the declaration of the estimate for the federal income tax, provided that it is understood that such figures may be modified according to the provisions of this chapter so that the declaration required by this section shall set forth only such income as is taxable under the provisions of this chapter.
(c) Declarations in the amount of one hundred dollars ($100.00) or more shall be made as follows:
(1) If the taxpayer is an individual, the declaration shall be accompanied by a payment of at least one-fourth the estimated tax required to be paid by this section, and at least a similar amount shall be paid on or before the last day of the sixth, ninth, and twelfth months after the beginning of the taxable 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.
(2) Estimated tax to be paid the City by taxpayers who are corporations and associations shall be accompanied by a payment of at least one-fourth the estimated tax required to be paid by this section, and at least a similar amount shall be paid on or before the last day of the sixth, ninth, and twelfth months of the taxable 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.
(d) No penalties or interest shall be assessed, for not filing a declaration, on any resident taxpayer who was not domiciled in the City 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 (100%) of the previous year's tax liability, provided that the previous year reflected a twelve- month period and the taxpayer filed a return for that year, or has remitted an amount equal to ninety percent (90%) of the estimated liability for the current year for which estimated payments have been made.
(e) Should it appear that such taxpayer has paid more than the amount of tax to which the City is entitled, a refund of the amount so overpaid shall be made, or same may be applied toward the declaration of tax due for the ensuing year. Claims for refunds shall be made on forms prescribed by and obtainable from the Tax Administrator, or on an acceptable generic form.
(Ord. 60-2012. Passed 11-19-12)