(A) Every person who has taxable income in whole or in part which is not subject to § 36.05, or who engages in any business, profession, enterprise, or activity subject to the tax imposed by § 36.03, shall file a declaration setting forth an estimated income or the estimated profit or loss from a business activity together with the estimated tax due thereon. A person whose income derives wholly from wages from which tax will be withheld and remitted to the city in accordance with § 36.05 need not file a declaration. In addition, if the amount of the estimated tax not withheld or not fully withheld is less than $100, such person need not file a declaration.
(B) A declaration shall be filed on or before April 15 of each year during the life of this chapter and, beginning with tax year 2008, on or before the federal filing date if it is other than April 15.
(C) Those taxpayers reporting on a fiscal year basis shall file a declaration within 105 days after the beginning of each fiscal year or period and, beginning with tax year 2008, on or before the federal filing date if it is other than the fifteenth day of the fourth month from the end of such fiscal year or period.
(D) A declaration shall be filed upon a form furnished by, or obtainable from, the Tax Administrator, or on an acceptable generic form as defined in this chapter. However, credit shall be taken for the city's income tax to be withheld from any portion of that income.
(E) The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment date and provided for herein. In case an amended declaration is filed, the unpaid balance shown due thereon in equal installments on or before the remaining payment dates.
(F) A declaration or estimated tax to be paid to the city shall be accompanied by a payment of at least one-fourth of the estimated tax due from income from which the tax is non-withheld and/or under-withheld, and at least a similar amount shall be paid shall be paid as follows:
(1) If the taxpayer is an individual, 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 taxpayer's taxable year. If an amended declaration has been 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.
(2) If the taxpayer is a corporation or association, 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. 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.
(G) No penalties or interest shall be assessed for not filing a declaration on any resident taxpayer who qualifies under AT LEAST one of the following:
(1) The resident taxpayer was not domiciled in the city on the first day of January in the year in which they became subject to estimated payments.
(2) The resident 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 and the taxpayer filed a return for that year.
(3) Taxpayer has remitted an amount equal to 90% of the final tax liability for the tax year due on or before April 15 of the current year.
(Ord. 09-3301, passed 8-20-09) Penalty, see § 36.99