181.08 DECLARATIONS.

   (a)   Subject to safe harbor provisions established by the Administrator, every person who anticipates any taxable income which is not subject to Section 181.07 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 181.03 hereof 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; provided, however, if a person’s income is wholly from wages, from which the tax will be withheld and remitted to the City of Lancaster, Ohio, in accordance with Section 181.07 hereof, such person need not file a declaration.
(Ord. 38-00. Passed 11-27-00.)

   (b)   (1)   Such declaration shall be filed on or before April 15th each year during the life of this chapter.

      (2)   Those taxpayers reporting on a fiscal year basis shall file a declaration within three and one-half months after the beginning of each fiscal year or period.
(Ord. 40-01. Passed 12-10-01.)

   (c)   (1)   Such declaration shall be filed on a form furnished by, or obtainable from, the Administrator, or other generic form in conformity with Section 181.06(f). Credit shall be taken for Lancaster Income Tax to be withheld, if any, from any portion of such income. In addition, credit may be taken for tax payable to other taxing municipalities in accordance with the provisions of Section 181.16 hereof.

      (2)   The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment date as provided for herein.

   (d)   The taxpayer making the declaration shall, at the time of the filing thereof, pay to the Administrator at least one-fourth (1/4) of the estimated annual tax due after deducting:

      (1)   Any portion of such tax to be deducted or withheld at the source pursuant to Section 181.07 hereof;

      (2)   Any credits allowable under the provisions of Section 181.16 hereof; and

      (3)   Any overpayment of previous year’s tax liability which the taxpayer has not elected to have refunded.

   At least a similar amount shall be paid on or before the last day of July, October and January after the beginning of taxpayer’s taxable year, provided that in case an amended declaration has been duly filed, or the taxpayer is taxable for a portion of the year only, the unpaid balance shall be paid in equal installments on or before the remaining payment dates.

   (e)   For any year for which such declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due the City of Lancaster, Ohio, shall be paid therewith in accordance with the provisions of Section 181.06 hereof.

(Ord. 38-00. Passed 11-27-00.)