(A) Every person who anticipates any taxable income which is not subject to § 36.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 36.03, shall file a declaration setting forth such estimated income of the estimated profit or loss from such business activity, together with the estimated tax due thereon, if estimated tax is at least $200.
(B) (1) Such declaration shall be filed on or before April 15 of each year during the life of this chapter, except that no penalties or interest shall be assessed, for not filing a declaration, on any resident taxpayer who was not domiciled in the city on the first day of January of 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 100% of the previous year’s tax liability, provided that the previous year reflected a 12-month period.
(2) Those taxpayers reporting on a fiscal year basis shall file a declaration within 15 days of the fourth month after the beginning of each fiscal year or period.
(C) (1) Such declaration shall be filed upon a form furnished by, or obtainable from, the Administrator, or on a generic form. Credit shall be taken for city income tax to be withheld, if any, from any portion of such income. In addition, credit may be taken for tax payable to other taxing municipalities in accordance with the provisions of § 36.14.
(2) 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.
(3) A generic form once completed and filed must contain all of the information required to be submitted with the city’s prescribed returns, reports or documents, and must be in a similar format that will allow processing of the generic forms without altering the city’s procedures for processing forms. The taxpayer or return preparer filing the generic form must also otherwise comply with the rules or ordinances of the city governing the filing of returns, reports or documents. Determination as to whether a generic form meets this criteria shall be the responsibility of the Administrator.
(D) The taxpayer making the declaration shall, at the time of the filing thereof, pay to the Administrator at least one-fourth of the estimated annual tax due after deducting:
(1) Any portion of such tax to be deducted or withheld at the source pursuant to § 36.06;
(2) Any credits allowable under the provisions of § 36.14; and
(3) Any overpayment of previous year’s tax liability which taxpayer has not elected to have refunded. Provided, however, the taxpayer may elect to apply any overpayment of previous tax liability to any one or more installments of the estimated annual tax.
(4) At least a similar amount shall be paid on or before the 15th day of the sixth, ninth and thirteenth month after the beginning of the taxpayer’s taxable year, provided that in case an amended declaration has been duly filed, or the taxpayer is taxable for a portion of the year only, the unpaid balance shall be paid in equal installments on or before the remaining payment dates.
(E) On or before the 15th 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 city shall be paid therewith in accordance with the provisions of § 36.05.
(Ord. 28-02, passed 12-16-02; Am. Ord. 1-11, passed 2-15-11; Am. Ord. 15-15, passed 12-15-15) Penalty, see § 36.99