(a) Every person who anticipates any taxable income which is not subject to Section 128.1902 and/or from which tax will not be fully withheld at Lakewood's tax rate, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 128.0501, shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity, together with the estimated tax due thereon, if any, and shall make the estimated payments required herein.
(b) If the estimated tax for the current year, less the tax to be withheld and less the tax credit allowed in Section 128.1902, is less than one hundred dollars ($100.00), no declaration or payment of estimated tax is required.
(Ord. 71-10. Passed 11-1-10.)