(a) Every person who anticipates the receipt of 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 such person’s estimated taxable income together with any 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 the City of Eaton in accordance with Section 191.06, such person need not file a declaration.
(b) (1) Such declaration shall be filed on or before April 30 of each year during the life of this chapter, or within four months after the date the taxpayer becomes subject to the provisions of this chapter.
(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 upon request from the Finance Director, provided, however, credit shall be taken for the City of Eaton tax to be withheld from any portion of such income to determine the estimated tax due. In accordance with the provisions of Section 191.14, credit may be taken for tax to be paid or to be withheld and remitted to another taxing municipality.
(2) The original declaration (or any subsequent amendment thereof) may be amended at any time.
(3) An amended declaration must be filed on or before January 31 of the following year, or in the case of a taxpayer on a fiscal year, on or before the date fixed by regulation of the Finance Director if it appears that the original declaration made for such taxable year underestimated the taxpayer’s income by thirty percent (30%) or more. At such time a payment which, together with prior payments, is sufficient to pay the taxpayer’s entire estimated liability shall be made. If upon the filing of the return required by Section 191.05, it appears that the taxpayer did not pay seventy percent (70%) of his tax liability, as shown on said return, on or before January 31, or the date fixed by regulations, whichever is applicable, the difference between seventy percent (70%) of said taxpayer’s tax liability and the amount of estimated tax actually paid on or before January 31, or the date fixed by regulation, whichever is applicable, shall be subject to the interest and penalty provisions of Section 191.10.
(d) (1) Such declaration of net estimated tax to be paid to the City of Eaton shall be accompanied by a payment of at least one-fourth of the estimated annual tax, less credit, and at least a similar amount shall be paid on or before the last day of the seventh, tenth and thirteenth 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) Provided, further, however, that the last quarterly payment of estimated tax need not be made if the taxpayer files his final return and pays the balance of the tax due thereon within forty-five days following the end of his taxable year.
(e) On or before the last day of the fourth month of the calendar or fiscal 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 of Eaton shall be paid therewith in accordance with the provision of Section 191.05.
(Ord. 96-14. Passed 11-18-96.)