Every person who anticipates any taxable income which is not subject to Section 171.06 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 171.03 hereof, 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; provided, however, if a person's income is wholly from wages from which the tax will be withheld and remitted to the Village in accordance with Section 171.06 hereof, or if the person is not required to file a declaration of income by the Internal Revenue Service or State of Ohio, then in either event such person need not file a declaration.
(Ord. 225. Passed 12-6-79.)
(a) Filing of Declaration.
(1) The declaration required by this section shall be filed on or before April 30, of each year during the effective period set forth in Section 171.04 or within four months of the date the taxpayer becomes subject to tax for the first time.
(2) Those taxpayers reporting on a fiscal year basis, shall file a declaration within four months after the beginning of each fiscal year or period.
(3) Every person engaged in any transient business, profession, enterprise or activity subject to the tax imposed by Section 171.03, may be required to immediately file an estimate and pay the estimated tax due thereon prior to the issuance of any permits or licenses or the execution of any rental agreement for the use of Municipally owned property of the Village for the event giving rise to income tax liability.
(Ord. 85-301. Passed 4-4-85.)
(Ord. 85-301. Passed 4-4-85.)
(b) Form of Declaration. The declaration required by Section 171.07 shall be filed upon a form furnished by, or obtainable from, the Administrator, provided, credit shall be taken for Village 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 herein.
(Ord. 225. Passed 12-6-79.)
(Ord. 225. Passed 12-6-79.)
(c) Payment to Accompany Declaration. Such declaration of estimated tax to be paid to the Village shall be accompanied by a payment of at least twenty-two and one-half percent (22.5%) 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, on and after January 1, 2003 and before such date, such declaration of estimated tax to be paid to the Village 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 the thirteenth months after the beginning of the taxable year. For taxpayers that are not individuals, not more than twenty-two and one-half percent (22.5%) of the taxpayer's estimated tax liability for the current year shall be required to have been remitted on or before the day on which the annual tax return for the prior year is required to be filed disregarding any extension, or in the case of a fiscal year taxpayer, the fifteenth day of the fourth month of the taxpayer's taxable year, and at least a similar amount shall be paid on or before the 15th day of June, or in the case of a fiscal year taxpayer, the 15th day of the sixth month of the taxpayer's taxable year, a similar amount shall be paid on or before the 15th day of September, or in the case of a fiscal year taxpayer, the 15th day of the ninth month of the taxpayer's taxable year, and not more than ninety percent (90%) of the taxpayer's estimated tax liability for the current year shall be required to have been remitted on or before the 15th day of December or, in the case of a fiscal year taxpayer, the 15th day of the twelfth month of the taxpayer's taxable year. Provided, however that in case 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.
(Ord. 01-001. Passed 1-4-01.)
(d) Annual Return. On or before the last day of the fourth month of the 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 Village shall be paid therewith in accordance with the provisions of Section 171.07 hereof.
(e) Extensions. The Administrator may extend the time of filing any return required, of making any payment or performing any other act required by this Section 171.07 for a period not to exceed six months beyond the original required date.
(Ord. 225. Passed 12-6-79.)