(a) Each person who anticipates any taxable income which is not subject to the withholding provisions of § 890.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by this Chapter, shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax thereon, if any, unless such taxable income would result in a tax liability of less than one hundred dollars ($100.00) for the current year. Provided, however, if a person’s income is wholly from qualifying wages from which the tax will be withheld and remitted to this City in accordance with § 890.06, such person need not file a declaration.
(b) (1) Such declaration shall be filed on or before April 15 of each year during the life of this Chapter, or on or before the fifteenth day of the fourth month following the date the taxpayer becomes subject to the tax for the first time.
(2) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration on or before the fifteenth day of the fourth month following the start of each fiscal year or period.
(c) (1) Such declaration shall be filed upon a form furnished by or obtainable upon request from the Superintendent. Credit shall be taken for City tax to be withheld from any portion of such income. In accordance with the provisions of § 890.14, credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
(2) The original declaration or any subsequent amendment thereof, may be amended at any time, provided, however, that in case an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal installments.
(3) For taxpayers who are individuals, such declaration of estimated tax to be paid the City shall be accompanied by a payment of at least 22.5% of the estimated annual tax and at least a similar amount to be paid on or before the last day of the seventh, tenth and thirteenth months after the beginning of the taxable year.
(4) For taxpayers that are not individuals, such declaration of estimated tax to be paid the City shall be accompanied by a payment of at least 22.5% of the estimated annual tax and at least a similar amount shall be paid on or before the fifteenth day of the sixth, ninth and 12 months after the beginning of the taxable year.
(5) The mere submission of a declaration estimating a tax liability shall not constitute filing unless accompanied by the required payment.
(d) If it should appear that the original declaration made for any year underestimated the taxpayer’s income by ten percent or more, an amended declaration must be filed on or before January 31 of any such year, or, in the case of a taxpayer on a fiscal year basis, on or before the date fixed by regulation of the Superintendent. If upon the filing of the annual return required by § 890.05, it appears that the taxpayer did not pay 90% of his or her tax liability as shown on the return, or at least an amount equal to 100% of his or her tax liability for the prior year, on or before January 31 or the date fixed by regulation, whichever is applicable, the difference between 90% of the taxpayer’s tax liability or the amount equal to 100% of his tax liability for the prior year, whichever is less, and the amount of estimated tax actually paid on or before January 31 or the date fixed by regulation, whichever is applicable, shall be subject to the interest and penalty provisions of § 890.10.
(e) On or before the last day of the fourth month of the calendar or fiscal year following that for which such declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due the City shall be paid therewith in accordance with the provisions of § 890.05.
(f) No interest or penalties will be assessed against a taxpayer for the late payment or non-payment of estimated tax liability in any of the following circumstances:
(1) The taxpayer is an individual who resides in the City but was not domiciled there on the first day of January or the current calendar year;
(2) The taxpayer has remitted, pursuant to division (c) of this section, an amount at least equal to 100% of the taxpayer’s liability for the preceding year as shown on the return filed by the taxpayer provided that the return for the preceding year reflected a 12-month period and the taxpayer filed a return for the preceding year; or
(3) Where the tax liability is less than twenty dollars ($20.00).
(Ord. O98-103, passed 12-15-1998; Am. Ord. 2001-118, passed 12-18-2001; Am. Ord. O2004-28, passed 4-6-2004)