(A) Every person who anticipates the receipt of any taxable income which is not subject to § 39.55, or who engages in any business, profession, enterprise, or activity subject to the tax imposed by § 39.52, shall file a declaration setting forth such person's estimated taxable income together with any 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 the city in accordance with § 39.55, such person need not file a declaration.
(B) (1) Such declaration shall be filed on or before April 15 of each year during the life of this subchapter, or within 4 months after the date the taxpayer becomes subject to the provisions of this subchapter.
(2) Those taxpayers reporting on a fiscal year basis shall file a declaration on or before the fifteenth day of the fourth month after the beginning of each fiscal year or period.
(C) (1) Such declaration shall be filed upon a form furnished by or obtainable upon request from the Administrator, provided however, credit shall be taken for the city tax to be withheld from any portion of such income to determine the estimated tax due. In accordance with the provisions at § 39.64, 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 subsequent amendment thereof) may be amended at any time.
(3) An amended declaration must be filed and paid on or before January 31st, or the date fixed by regulation, if it appears that the original declaration made for such taxable year underestimated the taxpayer's income by 10% or more. Returns filed that do not meet this requirement will be subject to the interest and penalty provisions of § 39.59.
(D) For individuals, such declaration of net estimated tax to be paid to the city shall be accompanied by a payment of at least ¼ of the estimated annual tax less credit and at least a similar amount shall be paid on or before the last day of the seventh (July), tenth (October) and thirteenth (January) 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) (1) For non-individuals (corporations, partnerships, S Corps, LLC's, etc.), such declaration of net estimated tax to be paid to the city shall be accompanied by a payment of at least ¼ of the estimated annual tax less credit and at least a similar amount shall be paid on or before the fifteenth day of the sixth, ninth, and twelfth months after the beginning of the taxable year. Provided, however, that in case an amended declaration has been filed, the unpaid balance show due thereon shall be paid in equal installments on or before the remaining payment dates.
(2) Provided further, however, that the last quarterly payment of estimated tax need not be made if the taxpayer files his final return and pays the balance of the tax due thereon within 45 days following the end of his taxable year.
(F) On or before the fifteenth day of the fourth month of the calendar or fiscal 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 § 39.54.
(Ord. 4-13, passed 2-4-2013)