Every taxpayer who anticipates any income which is not subject to Section 874.05 shall file a declaration of the estimated tax for the taxable year. Such declaration shall be filed on or before April 15 of the taxable year. Such declaration shall be filed upon a form furnished by the City, which form may simply state that the figures used in making such declaration are the figures used in making the declaration of the estimate for the Federal income tax, provided that it is understood that such figures may be modified according to this chapter so that the declaration required by this section shall set forth only such income as is taxable under this chapter.
Such declaration of estimated tax to be paid to the City shall be accompanied by a payment of at least one-fourth of the estimated tax and at least a similar amount for such year shall be paid on or before June 15, September 15 and December 15 of each year. However, such estimate may be amended at the time of the making of any quarterly payment. Further, on or before March 15 of the year following that for which such declaration was filed, a final return shall be filed and any balance which may be due to the City shall be paid therewith. If it then appears that such taxpayer has paid more than the amount of tax to which the City would be entitled under this chapter, a refund of the amount so overpaid shall be made.
(Ord. 4390. Passed 9-10-86.)