191.1303 DECLARATIONS OF INCOME NOT COLLECTED AT SOURCE.

   Any person whose income tax is not fully withheld in the City of Independence or in another municipality in which taxes are withheld at a rate the same as or higher than the rate provided in Section 191.0501 shall file a declaration setting forth estimated taxable income, including distributive shares of net profits of unincorporated business entities and pass-through entities estimated to be earned by the taxpayer during the current tax year, together with the estimated tax due thereon less:

   (a)   Tax withheld within the City of Independence; and

   (b)   The tax credit allowed in Section 191.1902.

   However, if the estimated tax for the current year, less the tax to be withheld and less the tax credit referred to in subsections (a) and (b) hereof, amounts to not more than ten dollars ($10.00), no such declaration or payment of estimated tax shall be required.

(Ord. 2005-05. Passed 3-8-05.)