The taxes levied hereunder shall be due and payable in quarterly installments on or before the expiration date of one month from the end of the quarter in which they accrue. The taxpayer shall, within one month from the expiration of each quarter, make out an estimate of the tax for which he is liable for such quarter, sign the same and mail the same together with a remittance, in the form required and provided by the City, of the amount of tax to the City. In estimating the amount of the tax due for each quarter, the taxpayer may deduct one fourth of the tax credit for industrial expansion allowable for the taxable year and one fourth of any exemptions allowed under Section 731.13. When the total tax for which any person is liable under this article does not exceed the sum of one hundred dollars ($100.00) in any year, the taxpayer may pay the same quarterly as aforesaid or, with the consent in writing of the Mayor and City Treasurer, at the end of the month next following the close of the tax year.
Any other provision of this section notwithstanding, the Mayor and City Treasurer, if they deem it necessary to insure payment of the tax, may require the return and payment under this section for periods of duration shorter than quarter-year periods. (8-9-71)