181.06 DECLARATIONS.

   (a)    Every taxpayer who anticipates any income from which the full amount of City tax will not be withheld and/or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 181.05 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. However, if a taxpayer's annual income tax liability from which the tax will not be fully withheld is less than three hundred dollars ($300.00), such person need not file a declaration.

   (b)    Such declaration shall be filed upon a form prescribed by the Finance Director or on a generic form as defined in this chapter, which form may simply state that the figures used in making such declaration are the figures used in making the declaration of the estimate for the federal income tax, provided that it is understood that such figures may be modified according to the provisions of this chapter so that the declaration required by this section shall set forth only such income as is taxable under the provisions of this chapter.

   (c)    Such declaration shall be filed on or before April 15th during the life of this chapter. Those taxpayers reporting on a fiscal year basis shall file a declaration within 105 days after the beginning of each fiscal year.

      (1)    Such declarations of estimated tax to be paid by taxpayers who are individuals shall be accompanied by a payment of at least one-fourth the estimated tax required to be paid by this section, 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; 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.

      (2)    Such declarations of estimated tax to be paid by taxpayers who are corporations and associations shall be accompanied by a payment of at least one-fourth of the estimated tax required to be paid by this section, and at least a similar amount shall be paid on or before the fifteenth day of the sixth, ninth, and twelfth months of the 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.

   (d)    No penalties or interest shall be assessed, for not filing a declaration, on any resident taxpayer who was not domiciled in the City of Oberlin, Ohio, on the first day of January in the year in which they became subject to estimated payments, nor shall penalties or interest be assessed on estimated payments if the taxpayer has remitted an amount equal to one hundred percent of the previous year's tax liability, provided that the previous year reflected a twelvemonth period and the taxpayer filed a return for that year, nor shall penalties or interest be assessed on estimated payments if the taxpayer has remitted an amount equal to ninety percent of the final tax liability for the tax year due on or before April 15th of the current year.

   (e)    Amended Declaration. An amended declaration may be filed with the filing of any quarterly return provided, however, that in the case of an amended declaration being filed, the unpaid balance shown due thereon shall be paid in equal installments on or before the remaining payment dates.

   (f)    Should it appear that such taxpayer has paid more than the amount of tax to which the City of Oberlin is entitled, a refund of the amount so overpaid shall be made, or same may be applied toward the declaration of tax for the ensuing year. Claims for refunds shall be made on forms prescribed by and obtainable from the Finance Director or on a generic form as defined in this chapter.
(Ord. 06-49AC. Passed 6-19-06.)