(a) Deductions from salaries, wages and other compensation required to be made by employers are to begin with compensation earned on and after January 1, 1979. The first return and payment required to be made on account of such deductions shall be made, filed and paid to the Clerk-Treasurer between April 1, 1979, and April 30, 1979.
(b) Each employer within the Village who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly, or more often than monthly, and at the time of the payment of such salary, wage, commission or other compensation, the tax of one percent of salaries, wages, commissions or other compensation due by the employer to the employee and shall make a return and pay to the Clerk-Treasurer the amount of taxes so deducted as follows:
(1) For the three months ending March 31, on or before April 30;
(2) For the three months ending June 30, on or before July 31;
(3) For the three months ending September 30, on or before October 31; and
(4) For the three months ending December 31, on or before the following January 31.
(c) The reporting periods referred to in the preceding subsection are elastic to this extent: The employer will use the same quarterly accounting period for reporting taxes withheld under this chapter as he or she uses in reporting quarterly taxes withheld to the Federal government.
(d) Such return shall be on a form prescribed by and obtainable from the Clerk-Treasurer and shall be subject to the rules and regulations prescribed therefor by the Clerk-Treasurer.
(e) For adjustment of errors in returns of tax withheld by employees, see Section 880.12.
(Ord. 654. Passed 12-5-78.)