(a) Every taxpayer or person who anticipates any taxable income which is not subject to Section 195.06, or who engages in any business, profession, enterprise or activity, or upon the request of the Commissioner of Taxation, shall file a realistic declaration setting forth the taxpayer's estimated tax liability.
(b) Such declaration shall be filed on or before April 15 of each year during the life of this chapter, or within three and one-half months of the date the taxpayer becomes subject to tax for the first time.
(c) Such declaration shall be filed upon a form or forms furnished by, or obtainable upon request from, the Commissioner of Taxation which form or forms may require a statement that the figures used in making such declaration are the figures used in making the declaration of the estimate for the federal income tax adjusted to set forth only such income as is taxable under the provisions of this chapter. Taxpayers shall be permitted to make filings and remit tax payments using the Ohio business gateway, and the Commissioner of Taxation shall prescribe only such forms as are compatible with those rules adopted by the Tax Commissioner for the State of Ohio governing use of the Ohio business gateway.
(d) If the taxpayer is an individual, the taxpayer shall remit payment of the taxpayer's estimated tax liability as follows:
(1) Twenty-two and one-half percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the fifteenth day of April or the day on which the annual tax return for the prior year is required to be filed disregarding any extension, whichever is later;
(2) Forty-five percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the thirty-first day of July;
(3) Sixty-seven and one-half percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the thirty-first day of October;
(4) Ninety percent of the taxpayer's estimated tax liability for the year referred to in subparagraph (d)(1), (2), and (3) of this section shall be remitted on or before the thirty-first day of January.
(e) If the taxpayer is not an individual, the taxpayer shall remit payment of the taxpayer's estimated tax liability as follows:
(1) Twenty-two and one-half percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the day on which the annual tax return for the prior year is required to be filed disregarding any extension or, in the case of a fiscal year taxpayer, the fifteenth day of the fourth month of the taxpayer's fiscal year;
(2) Forty-five percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the fifteenth day of June or, in the case of a fiscal year taxpayer, the fifteenth day of the sixth month of the taxpayer's taxable year;
(3) Sixty-seven and one-half percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the fifteenth day of September or, in the case of a fiscal year taxpayer, the fifteenth day of the ninth month of the taxpayer's taxable year;
(4) Ninety percent of the taxpayer's estimated tax liability for the current year shall be remitted on or before the fifteenth day of December or, in the case of a fiscal year taxpayer, the fifteenth day of the twelfth month of the taxpayer's taxable year.
(f) If upon the filing of the return required by Section 195.05, it appears that the taxpayer did not pay ninety percent (90%) of his tax liability, as shown on such return, on or before January 31, the difference between ninety percent (90%) of the taxpayer's tax liability and the amount of estimated tax he actually paid on or before January 31, shall be subject to the interest provisions of Section 195.10; however, any taxpayer:
(1) who is an individual who resides in the City but was not domiciled in the City on the first day of January of the current calendar year; or
(2) who has remitted, pursuant to subparagraph (d) or (e) of this section, an amount at least equal to one hundred percent of the taxpayer's tax liability for the preceding year as shown on the return filed by the taxpayer for the preceding year, provided that the return for the preceding year reflected a twelve-month period and the taxpayer filed a return for the preceding year;
shall not be assessed any interest for any increased taxes found to be due in the current year.
(g) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration within three and one-half months after the start of each fiscal year or period, accompanied by a payment of at least the minimum remittance amount for the immediately preceding remittance date specified in subparagraph (d) or (e) of this section, depending upon whether the taxpayer is or is not an individual.
(h) Any amount deducted and withheld for taxes from the compensation of an individual shall be considered as estimated taxes paid in equal amounts on each of the payment dates prescribed by subparagraph (d) of this section.
(j) On or before the tax return due date prescribed in Section 195.05 for 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 Section 195.05.
(Ord. 03-381. Passed 11-25-03.)