(a) Each taxpayer who engages in business or whose salaries, wages, lottery winnings, commissions and other compensation are subject to the tax imposed by this chapter, shall, whether or not a tax is due, thereon, make and file a return on or before April 15 of each year with the Village Tax Administrator on a form furnished by or obtainable from the Village Tax Administrator, setting forth the aggregate amount of salaries, wages, lottery winnings, commissions, and other compensation earned and/or net profits earned and/or gross income from such business less allowable expenses in the acquisition of such gross income earned during the preceding year and subject to the tax, together with such other pertinent information as the Village Tax Administrator may require. However, when the return is made for a fiscal year or other period different from the calendar year, the return shall be made on or before the fifteenth day of the fourth month after the close of such fiscal year, or other period. Every resident shall make and file a municipal income tax return on or before April 15 for the previous calendar year except as follows:
(1) Residents under the age of eighteen years.
(2) After the filing of returns for the tax year and review of the information contained therein, the Tax Administrator or his designated agent may exempt from filing those individuals who reported income from non taxable sources when it appears this is and shall continue to be their only income source. This shall include retirees, total disabled and active military personnel.
(b) If a net operating loss has been sustained any taxable year, such losses may not be carried forward or backward to any other taxable year.
(c) The taxpayer making a return shall, at the time of the filing thereof, pay to the Village Clerk-Treasurer the amount of taxes shown as due thereon.
(d) A taxpayer who has overpaid his income tax in any taxable year may request a refund, provided, however, that there is no other tax liability and provided, further, that no amount of less than one dollar ($1.00) will be refunded or collected.
(Ord. 1154. Passed 3-6-89; Ord. 1513. Passed 3-15-04; Ord. 1522. Passed 12-6-04; Ord. 1689. Passed 12-2-13; Ord. 1714. Passed 3-2-15.)