(a) Every Person who anticipates earning, receiving or accruing any taxable income which is not subject to Village withholding under Section 181.08, or who engages in any Business subject to the tax imposed by Section 181.03(a)(3) and (a)(4) 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 Salaries, Wages, Commissions or Other Compensation from which the tax will be withheld and remitted to the Municipality in accordance with Section 181.08 of this chapter, such Person need not file a declaration.
(b) The declaration shall be filed on or before The Annual Return Due Date of each year during the life of this Chapter, or on or before the fifteenth day of the fourth month the Taxpayer becomes subject to tax for the first time.
(c) Those Taxpayers reporting on a Fiscal Year basis shall file a declaration on or before the fifteenth day of the fourth month after the beginning of each fiscal year or period.
(d) The declaration shall be filed upon a form furnished by or obtainable from the Finance Director or his delegate, provided, however, credit shall be taken for the Municipal tax to be withheld from any portion of such income. The Municipality shall also accept for filing a generic form of such declaration and related documents if the generic form, once completed and filed, contains all of the information required to be submitted with the Municipality’s prescribed form and if the Taxpayer or return preparer filing the generic form otherwise complies with the rules and ordinances of the Municipality governing the filing of declarations. In accordance with the provisions of Section 181.08(f), credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
(e) The original declaration or any subsequent amendment thereof may be increased or decreased on or before any subsequent quarterly payment day as provided for herein.
(f) Such declarations of estimated tax to be paid 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 fifteenth day of the sixth, ninth and twelfth 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. On and after January 1, 2003, such declarations of estimated tax to be paid the Municipality shall be paid according to the schedule set out in Section 718.08 of the Revised Code, as amended.
(g) On or before the fifteenth 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 Municipality shall be paid therewith in accordance with the provisions of Section 181.02.
(h) A declaration of estimated tax which is less than eighty percent of the tax shown on the final return shall not be considered filed in good faith. The difference shall be subject to penalties and interest as provided for in Section 181.99.
(Ord. 28-01. Passed 4-16-01.)