(A) Requirement for filing. A declaration of estimated tax may be filed by any taxpayer who anticipates taxable income which is not subject to Section 6 of the Ordinance or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 3 of the Ordinance.
(B) Date of filing. A person or other entity conducting a business not previously subject to the tax, or whose employer does not withhold the tax, may file a declaration within four months after the date he becomes subject to the tax.
(C) Form for filing.
(1) Such declaration shall be filed on a form approved by or obtainable from the Tax Administrator. Credit shall be taken in accordance with the provisions set forth in Section 17 of the Ordinance and Article XVII of the Rules and Regulations.
(2) The original estimate of tax liability or any subsequent amendment thereof may be increased or decreased by filing an amended declaration on or before any quarterly payment date as set forth in division (D)(1) below.
(D) Date of payments.
(1) The estimated tax may be paid in full with the declaration or in equal installments on or before the fifteenth day of the fourth, sixth, and ninth months of the tax year and the fifteenth day of the first month of the subsequent tax year.
(2) In the event an amended declaration has been filed, the unpaid balance shown thereon may be paid in equal installments over the remaining payment dates.
(E) Final returns required.
(1) The filing of a declaration does not relieve the taxpayer of the necessity of filing a final return even though there is no change in the declared tax liability. A final return must be filed to obtain a refund of an overpayment.
(2) The fourth estimated payment may be deferred to the last day of the fourth month of the subsequent tax year if the payment represents the balance of tax due and is accompanied by the final return.
(Ord. O-2015-28, passed 11-23-2015; Am. Ord. passed 9-9-2019)