(a) Every person who anticipates any taxable income which is not subject to Section 181.06 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 181.03 hereof shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereon, if any; provided, however if a person's income is wholly from wages from which the tax will be withheld and remitted to Sunbury in accordance with Section 181.06 hereof, such person need not file a declaration.
In each tax year every person who anticipates any taxable income, or who engages in any business, profession, enterprise, or activity shall file a declaration setting forth such estimated income, or the estimated profit or loss from such business activity, together with the estimated tax due thereon, if any, if the tax can reasonably be expected to exceed fifty dollars ($50.00).
(b) (1) Such declaration shall be filed on or before April 30 of each year during the life of this chapter or within four months 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 four months after the beginning of each fiscal year or period.
(c) (1) Such declaration shall be filed upon a form furnished by or obtainable from the Director, provided, however, credit shall be taken for Sunbury tax to be withheld from any portion of such income. In accordance with the provisions of Section 181.14, 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) Such declaration of estimated tax to be paid to Sunbury 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 seventh, tenth, and thirteenth months after the beginning of the taxable year. Provided, however, that in case 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) On or before the last day of the fourth month of 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 Sunbury shall be paid therewith in accordance with the provisions of Section 181.05.
(f) A declaration of estimated tax which is less than ninety percent (90%) of the tax due as shown on the annual return shall not be considered filed in good faith. The difference shall be subject to penalties and interest as provided for in Section 181.99.
(Ord. 98-032. Passed 10-21-98.)