The taxes levied under this article shall be payable as follows:
(a) For taxpayers whose tax under this article exceeds one thousand dollars ($1,000) per month, the tax shall be due and payable in monthly installments on or before the last day of the month following the month in which the tax accrued. Each such taxpayer shall, on or before the last day of each month, make out an estimate of the tax for which he is liable for the preceding month, sign the same and mail it together with a remittance, in the form prescribed by the City Treasurer, of the amount of tax to the office of the Treasurer. In estimating the amount of tax due for each month, the taxpayer may deduct one-twelfth of any applicable tax credits allowable for the taxable year and one-twelfth of the total exemption allowed for such year.
(b) For taxpayers whose estimated tax under this article does not exceed one thousand dollars ($1,000) per month, the tax shall be due and payable in quarterly installments within one month of the expiration of each quarter in which the tax accrued. Each such 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 it together with a remittance, in the form prescribed by the City Treasurer, of the amount of tax to the office of the Treasurer. In estimating the amount of tax due for each quarter, the taxpayer may deduct one-fourth of any applicable tax credits allowable for the taxable year and one-fourth of the total exemption allowed for such year.
(c) The above provisions of this section notwithstanding, the City Treasurer, if he deems it beneficial for any legitimate tax administration purpose, may require or allow the return and payment under this section for periods other than those prescribed above, but not exceeding an annual period.
(Ord. 2001. Passed 2-7-02.)