(a) Every person who anticipates any taxable income which is not subject to Section 880.06, 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 due thereon, if any.
(b) Such declaration shall be filed on or before April 15 of each year during the effective period of this chapter, or within four months of the date the taxpayer becomes subject to tax for the first time. A taxpayer who reports on a fiscal year basis shall file a declaration within four months after the beginning of each fiscal year or period.
(c) Such declaration shall be filed upon a form furnished by, or obtained from, the Administrator. However, credit shall be taken for the Municipality's income tax to be withheld from any portion of such income. The original declaration or any subsequent amendment thereof may be increased or decreased on or before any subsequent quarterly payment date as provided for in this section. (Ord. 11-79. Passed 5-14-79.)
(d) For taxpayers who are individuals, such declaration or estimated tax to be paid to the Municipality shall be accompanied by a payment of at least one-fourth of the estimated annual tax, and at least a similar amount shall be paid on or before the last day of the seventh, tenth and thirteenth months after the beginning of the taxable year. However, if an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates. For those taxpayers that are not individuals, due dates for estimated payments will be on the following schedule:
Calendar Year | Fiscal Year |
April 15 | Fifteenth day of the fourth month of taxable year |
June 15 | Fifteenth day of the sixth month of taxable year |
September 15 | Fifteenth day of the ninth month of taxable year |
December 15 | Fifteenth day of the twelfth month of taxable year |
(Ord. 81-75. Passed 1-7-82.)
(e) On or before the fifteenth day of the fourth month of the taxable 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 Municipality shall be paid therewith in accordance with Section 880.05.
(Ord. 11-79. Passed 5-14-79; Ord. 04-42. Passed 8-16-04.)