(a) Penalties and interest shall not 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.
(b) Penalties and interest shall not be assessed on estimated payments if the taxpayer has remitted an amount equal to one hundred percent 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.
(c) Penalties and interest shall not be assessed on estimated payments if the taxpayer has remitted, on or before the following dates for the year for which the estimated tax payments are being made, an amount equal to at least ninety percent of the final tax liability:
(1) In the case of individuals, the date shall be January 31st of the year in which the annual return is due.
(2) In the case of businesses which are calendar year filers, the date shall be December 15th of the tax year for which the estimated payments are being made.
(3) In the case of fiscal year filers, the fifteenth day of the twelfth month of the tax year for which the estimated payments are being made.
(Ord. 207-2009. Passed 12-7-09)