880.21 PAYMENT UPON DECLARATION.
   The declaration of estimated tax to be paid to the City shall be accompanied by a payment of at least one fourth of the estimated annual tax by April 15, or the day on which the annual tax return for the prior year is required to be filed disregarding any extension, if the estimated annual tax is fifty dollars ($50.00) or greater. 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, 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. No penalties or interest shall be assessed on estimated payments if the taxpayer has remitted an amount equal to 100% of the previous year's tax liability, provided that the previous year reflected a twelve-month period, or if 90%of the actual liability has been received.
(Ord. 1988-147. Passed 7-18-88; Ord. 01-80. Passed 6-19-01; Ord. 04-3. Passed 1-6-04; Ord. 09-81. Passed 7-21-09.)