(a) Return Required.
(1) Each resident age 18 years or older shall make and file a return on or before April 15 of the year following the effective date of this chapter and on or before April 15 of each year thereafter, whether or not a tax is due thereon.
(2) Each nonresident person age 18 years or older earning taxable income within the City limits shall make and file a return on or before April 15 of the year following the effective date of this chapter and on or before April 15 of each year thereafter, whether or not a tax is due thereon. However, if the nonresident person’s tax is withheld by its employer located or operating within the City, and the employer reports the nonresident person’s tax to the City, the nonresident shall have no requirement to file.
(3) Each corporation or business located or operating within the City limits shall make and file a return on or before April 15 of the year following the effective date of this chapter and on or before April 15 of each year thereafter, whether or not a tax is due thereon.
(4) When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed within four months from the end of such fiscal year or period.
(b) Contents of Return. The return shall be filed with the Administrator on a form or forms furnished by or obtainable upon request from such Administrator, setting forth:
(1) The aggregate amounts of salaries, wages, commissions and other compensation earned and gross income from the business, profession or other activity, less allowable ordinary, reasonable and necessary expenses incurred in the acquisition of such gross income earned during the preceding year and subject to such tax;
(2) The amount of the tax imposed by this chapter on such earnings and profits; and
(3) Such other pertinent statements, information returns or other information as the Administrator may require.
(c) Extensions. The Administrator may extend the time for filing of the annual return, upon the request of the taxpayer, for a period not to exceed six months, or one month beyond any extension requested of or granted by the Internal Revenue Service for the filing of the Federal Income Tax Return. The Administrator may require a tentative return, accompanied by payment of the amount of tax shown to be due thereon by the date that the return is normally due. No penalty shall be assessed in those cases in which the return is filed and the final tax paid within the period as extended.
(d) Payment.
(1) The taxpayer making a return shall, at the time of the filing thereof, pay to the Administrator the amount of taxes shown as due thereon, provided, however, that where any portion of the tax so due has been deducted at the source pursuant to the provisions of Section 880.06, or where any portion of such tax has been paid by the taxpayer pursuant to the provisions of Section 880.07, or where an income tax has been paid to another municipality, credit for the amount so paid, in accordance with Section 880.14, shall be deducted from the amount shown to be due, and only the balance, if any, shall be due and payable at the time of filing such return.
(2) A taxpayer who has overpaid the amount of tax to which the City is entitled under this chapter may have such overpayment applied against any subsequent liability hereunder or, at his or her election indicated on the return, such overpayment, or a part thereof, shall be refunded, provided that no additional taxes or refunds of less than one dollar ($1.00) shall be collected or refunded.
(e) Amended Returns.
(1) Where necessary, an amended return must be filed in order to report additional income and pay any additional tax due, or claim a refund of tax overpaid, subject to the requirements and/or limitations of Sections 880.11 and 880.14. Such amended returns shall be on a form obtainable on request from the Administrator. A taxpayer may not change the method of accounting or apportionment of net profits after the due date for filing the original return.
(2) Within three months from the final determination of any Federal tax liability affecting the taxpayer's tax liability to the City, such taxpayer shall make and file an amended return showing income subject to the income tax of the City based upon such final determination of Federal tax liability, and pay any additional tax shown to be due thereon or make a claim for a refund of any overpayment.
(f) Retiree status. Taxpayers who are retired for the entire tax year receiving only Social Security, pension, interest ro dividend income, and who are not self employed or owners of rental property, are required to file a City exemption return once to identify their status. However, if the taxpayer’s income or employment status changes during any year, the taxpayer would again be required to comply with Section 880.05(a) herein.
(Ord. 2002. Passed 5-24-82; Ord. 2857. Passed 12-27-04; Ord. 2916. Passed 9-25-06; Ord. 2975. Passed 10-13-08.)