(a) Every corporation doing business in the City and every other person having income taxable under this chapter in any year before the 1997 tax year or in any tax year after the 1996 tax year for which the City has not entered into an agreement with the Department of Treasury pursuant to Section 9 of Chapter 1 of the Internal Revenue Code, shall make and file with the City an annual return for that year, on a form furnished or approved by the City on or before the last day of the fourth month for the same calendar year, fiscal year or other accounting period that has been accepted by the Internal Revenue Service for Federal Income Tax purposes for the taxpayer. For tax years after the 1996 tax year and for which the City has entered into an agreement pursuant to Section 9 of Chapter 1 of the Internal Revenue Code, the annual return required by this subsection shall be filed with the City or the Department as provided by the agreement on or before the fifteenth day of the fourth month for the same calendar year, fiscal year or other accounting period that has been accepted by the Internal Revenue Service for Federal Income Tax purposes for the taxpayer.
(b) A husband and wife may file a joint return and, in such case, the tax liability is joint and several.
(c) The fact that a taxpayer has paid his or her entire tax liability on a declaration of estimated tax does not relieve him from the requirement of filing an annual return (see Section 880.29 (a)).
The fact that an individual not subject to withholding has an entire tax liability of one dollar ($1.00) or less does not relieve him or her from the requirement of filing an annual return.
(d) A husband and wife who both have income subject to the tax and who elect to file separate returns may each take only those exemptions to which they would be entitled under the Federal Internal Revenue Code.
(Ord. 360. Passed 12-11-93.)