(a) The deduction from salaries, wages and other compensation required to be made by employers are to begin with compensation earned on and after October 1, 1968. The first return and payment required to be made on account of such deductions shall be made, filed and paid to the Finance Director between January 1, 1969 and January 31, 1969.
(b) Each employer within the Municipality who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly, or more often than monthly, and at the time of the payment of such salary, wage, commission or other compensation, the tax at the rate in effect under the Ordinance of salaries, wages, commissions or other compensation due by the said employer to the said employee and shall make a return and pay to the Finance Director the amount of taxes so deducted as follows:
(1) For the three months ending March 31, on or before April 30;
(2) For the three months ending June 30, on or before July 31;
(3) For the three months ending September 30, on or before October 31; and
(4) For the three months ending December 31, on or before the following January 31.
(c) The reporting period referred to in the preceding subsections is elastic to this extent: The employer will use the same quarterly accounting period for reporting taxes withheld under Chapter 181 as he uses in reporting quarterly taxes withheld to the Federal government.
(d) Said return shall be on a form prescribed by and obtainable from the Finance Director and shall be subject to the rules and regulations prescribed therefor by the Finance Director.
(e) For adjustment of errors in returns of tax withheld by employers see Section 183.17. (Res. 128. Passed 9-3-68.)