(a) Every person who anticipates any taxable income which is not subject to Section 880.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 880.03, shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity, together with the estimated tax thereon, if any. However, if a person's income is wholly from wages from which the tax will be withheld and remitted to the City in accordance with Section 880.06, such person need not file a declaration.
(b) Filing of Declaration.
(1) Such declaration shall be filed before April 16 of each year during the life of this chapter, or within 105 days of the date the taxpayer becomes subject to tax for the first time.
(2) Those taxpayers reporting on a fiscal year basis shall file a declaration within 105 days after the beginning of each fiscal year or period.
(c) Form of Declaration.
(1) Such declaration shall be filed upon a form furnished by or obtainable from the Administrator, or a generic form, and credit shall be taken for the City income tax to be withheld from any portion of that income. In accordance with the provisions of Section 880.15, credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
(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.
(d) Payment of Declaration. Such 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, and at least a similar amount shall be paid on or before the last day of the sixth, ninth and twelfth months after the beginning of the taxable year. However, if 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.
(e) Annual Return. On or before the fifteenth day of the fourth month of the year following for which a declaration or an 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 Section 880.05.
(Ord. 1970-67. Passed 12-7-70; Ord. 2001-010. Passed 2-5-01; Ord. 2004-167. Passed 2-28-04.)
(Ord. 1970-67. Passed 12-7-70; Ord. 2001-010. Passed 2-5-01; Ord. 2004-167. Passed 2-28-04.)