(a) Each person who was a resident of Stow at any time during the taxable year, except as herein provided, shall, whether or not a tax is due thereon; and each person who was a nonresident who has a business operation within Stow; and each nonresident person who has been employed within Stow and received any type of compensation or salary where Stow income tax is either not withheld or such withholding is not equal to the Stow income tax owed shall make and file a return on or before the later of: April 15 of the following year or the same filing deadline as Federal Form 1040.
(Ord. 2012-86. Passed 6-14-12.)
When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed within four months from the end of such fiscal year or period.
The return shall be filed with the Administrator on a form or forms furnished by or obtainable on request from the Administrator or on other forms deemed acceptable by the Administrator setting forth:
(1) A. The aggregate amount of salaries, wages, commissions and other compensation earned; and
B. The gross income from a business, profession or other activity less ordinary, reasonable and necessary expenses incurred in the acquisition of such gross income earned during the preceding year and subject to the tax; and
C. All other taxable income.
(2) The amount of tax imposed by this chapter on the above.
(3) Other pertinent statements, information returns or other information as the Administrator may require.
(b) (1) The taxpayer making a return shall, at the time of the filing thereof, pay the Administrator the balance of tax due, if any, after deducting:
A. The amount, of the municipal income tax deducted or withheld at the source pursuant to Section 195.26;
B. Any portion of the tax that has been paid on declaration by the taxpayer pursuant to Section 195.30;
C. Any credit allowable under the provisions of Section 195.90 shall be deducted from the amount shown to be due and only the balance, if any, shall be due and payable at the time for filing the return.
(2) Should the return or the records of the Administrator indicate an overpayment of the tax to which the City of Stow is entitled under the provisions of this chapter, the overpayment shall first be applied against any existing liability and the balance, if any, at the election of the taxpayer communicated to the Administrator, shall be refunded or transferred against any subsequent liability. However, no additional taxes or overpayments of less than one dollar ($1.00) shall be refunded or collected.
(c) The Administrator may extend the time for filing of the annual return on the request of the taxpayer for a period not to exceed six months, or one month beyond any extension requested or granted by the Internal Revenue Service for the filing of the federal income tax return. The Administrator may require a tentative return, accompanied by payment of the amount of tax shown to be due thereon by the date the return is normally due. No penalty shall be assessed in those cases in which the return is filed and the final tax paid within the period as extended. However, interest shall be assessed at the rate of one and one-half percent (1.5%) per month on any balance due from the date the filing was originally due and payable.
(d) The person making that payment shall pay the cost of processing any payment of tax, penalty or interest, made in other than the usual and customary manner. Such cost shall be deducted from the payment being made, with the remainder being applied to any other amounts owed.
(Ord. 2000-130. Passed 4-13-00.)
(Ord. 2000-130. Passed 4-13-00.)