191.07 DECLARATIONS.
(a) Every taxpayer who anticipates 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 estimated income or the estimated profit or loss from such business activity together with the 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 this City in accordance with Sections 191.03, 191.06 and 191.14, such person need not file a declaration.
(b) Such declaration shall be filed on or before April fifteenth 15th of each year during the life of this chapter, or within four (4th) months of the date the taxpayer becomes subject to tax for the first time.
(c) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration on or before the fifteenth (15th) day of the fourth (4th) month after the close of the fiscal year.
(d) Such declaration shall be filed upon a form furnished by, or obtainable from the Commissioner of Taxation, or an acceptable generic form and credit shall be taken for the City tax to be withheld from any portion of such income. In accordance with the provisions of Section 191.14, credit may be taken for tax to be withheld and remitted to another taxing municipality.
(e) The original declaration (or any subsequent amendment thereof may be increased or decreased on or before any subsequent quarterly payment date as provided for herein.
(f) For taxpayers who are individuals, such declaration of estimated tax to be paid the Municipality shall be accompanied by a payment of at least twenty-two and one-half percent (22.5%) of the estimated annual tax on or before the last day of the fourth month of the taxable year, 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.
(g) For taxpayers that are not individuals, such declaration of estimated tax to be paid the Municipality shall be accompanied by a payment of at least twenty-two and one-half percent (22.5%) of the estimated annual tax on or before the fifteenth (15th) day of the fourth month of the taxable year, and at least a similar amount shall be paid on or before the fifteenth (15th) day of the sixth, ninth and twelfth months after the beginning of the taxable year.
(h) On or before the fifteenth day of the fourth month after the close of the 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 shall be paid therewith in accordance with the provisions of Section 191.05.
(i) The mere submission of a declaration estimating a tax liability shall not constitute filing unless accompanied by the required payment.
(Ord. 2015-11-101. Passed 11-18-15.)