(A) Every business who employs individuals subject to taxation under this chapter, shall collect and make quarterly tax payments on behalf of the employees subject to this tax on or before: the last day of October (for liability accrued from July 1 through the end of September); and the last day of January (for liability accrued from October 1 through the end of December of the prior calendar year); the last day of April (for liability accrued from January 1 through the end of March); the last day of the July (for liability accrued from April 1 through the end of June).
(B) Any business entity that fails to submit the quarterly payment required under division (A) of this section by the due date for the quarterly payment shall pay an amount equal to 12% per annum simple interest on the amount of the quarterly payment required under division (A) of this section.
(C) At the election of the business entity, any installment of the estimated tax may be paid prior to the date prescribed for its payment.
(Ord. 8-2013, passed 8-5-2013; Ord. 14-2022, passed 12-5-2022)