(a) Every taxpayer having or anticipating any income not subject to the provisions of Section 197.05, shall file a declaration setting forth the estimated annual income, together with an estimate of the annual amount of tax due thereon. Such declaration shall be filed quarterly as provided in subsection (b) hereof, upon a form furnished or obtainable from the Tax Administrator. The estimated amount of the tax due annually may be amended if necessary.
(b) Such declaration of estimated annual tax to be paid to the Village shall be accompanied by a payment of at least one-fourth of the estimated annual tax for such year and shall be paid on or before April 15th, June 15th, and September 15th of such year and January 15th of the succeeding year. Provided, however, that on or before April 15th of the year succeeding that for which such declaration was filed, an annual return shall be filed and any tax remaining due the Village in the amount of one dollar ($1.00) or more shall be paid therewith as set forth at Section 197.04 herein.
(c) Those taxpayers reporting on a fiscal year basis must file and pay the annual declarations of estimated tax and the annual return and tax due thereon using the corresponsing calendar quarters of the fiscal year.
(Ord. 844-7-90. Passed 7-10-90)