(A) Every person who anticipates any taxable income which is not subject to §§ 35.086 through 35.089, or engages in any business, profession, enterprise, or activity, shall file a declaration setting forth the estimated income or the estimated profit or loss from the business activity, together with the estimated tax due thereon, if any. The declaration shall be filed on or before April 15 of each year during the life of this subchapter or within four months of the date the taxpayer first becomes subject to the provisions of this section. Those taxpayers reporting on a fiscal year basis shall file a declaration within four months after the start of each fiscal year or period.
(B)
The declaration shall be filed on a form furnished by or obtainable from the Tax Administrator. Credit shall be taken in the declaration for city tax to be withheld from any portion of the income and for income taxes to be paid to another taxing municipality for which credit is allowed against the city tax under § 35.078. Beginning with the year 1972, a declaration of estimated tax to be paid the municipality shall be accompanied by a payment of at least one-fourth of the estimated tax, less credit for taxes withheld or paid to another municipality, and at least a similar amount shall be paid on or before July 31 and October 31 of the taxable year, and January 31 of the following year.
(C) Estimated tax to be paid to the city by corporations and associations shall be accompanied by a payment of at least one-fourth of 90% of the estimated annual tax.
(D) On or before the fifteenth day of the fourth month of the 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 § 35.084.
(1982 Code, § 35.15) (Ord. 1971-12, passed 8-23-1971; Ord. 1971-22, passed 11-30-1971; Ord. 2003-5, passed 1-6-2003; Ord. 2005-12, passed 9-12-2005; Ord. 2023-41, passed 11-16-2023)