(a) Payment.
(1) Individual calendar year taxpayers. Individual taxpayers who return and pay taxes on a calendar year basis, shall, at the time of filing each declaration as required by Section 880.25, and continuing each year during the life of this chapter, each taxpayer shall pay to the Clerk-Treasurer equal installments of his or her estimated annual tax (on or before April 30, July 31, October 31, and January 31) so long as at least 90% of the balance of the estimated tax shall be fully paid on or before January 31 of the year following the taxable year involved. However, if such taxpayer shall, on or before any such payment date, file an amended declaration showing an increase or decrease of the estimated tax, the installments then and thereafter due shall be increased or diminished (as the case may be) in such manner so that at least 90% of the balance of the estimated tax shall be fully paid on or before January 31 of the year following the taxable year involved and thereafter, payment of installments in equal amounts shall be required (on or before April 30, July 31, October 31 and January 31) from and after the filing of any such amended declaration and shall continue during the life of this chapter.
(2) For non-individual calendar year taxpayers. Non-individual taxpayers who return and pay taxes on a calendar year basis, shall, at the time of filing each declaration as required by Section 880.25, and continuing each year during the life of this chapter, shall pay to the Clerk-Treasurer installments of the estimated annual tax liability as follows: on or before the taxpayer’s federal return filing date; on or before June 15, September 15, and December 15.
(3) For fiscal year taxpayers. Non-individual taxpyers, who or which are permitted to make returns and pay their tax on a fiscal year basis shall, pay their first installment on the fifteenth day of the fourth month after the beginning of the first fiscal year, shall pay their second installment on the fifteenth day of the sixth month of the taxpayer’s taxable year, shall pay their third installment on the fifteenth day of the ninth month of the taxpayer’s taxable year, and shall pay their fourth installment on the fifteenth day of the twelfth month of the taxpayer’s taxable year.
(b) For final returns and final adjustment of tax due, see Section 880.20.
(Res. 580. Passed 12-8-70; Ord. 07-008. Passed 6-5-07.)