(a) Every person who anticipates the receipt of any taxable income which is not subject to Section 175.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 175.03, shall file a declaration setting forth such person's estimated taxable income together with any estimated tax due thereon, if any, provided, however, that if a person's income is wholly from wages from which the tax will be withheld and remitted to the City of Union in accordance with Section 175.06, or the tax due is one hundred dollars ($100.00) or less, such person need not file a declaration.
(b) Such declaration shall be filed on or before April 15 of each year during the life of this chapter, or within four months after the date the taxpayer becomes subject to the provisions of this chapter.
Those taxpayers reporting on a fiscal year basis shall file a declaration within three and one-half months after the beginning of each fiscal year or period.
(c) Such declaration shall be filed upon a form furnished by or obtainable upon request from the Superintendent, provided, however, that credit shall be taken for the City of Union tax to be withheld from any portion of such income to determine the estimated tax due. In accordance with the provisions of Section 175.15 credit may be taken for tax to be paid to or to be withheld and remitted to another taxing municipality.
The original declaration (or any subsequent amendment thereof) may be amended at any time.
An amended declaration must be filed on or before January 31 of the following year, or in the case of a taxpayer on a fiscal year, on or before the date fixed by regulation of the Superintendent if it appears that the original declaration made for such taxable year underestimated the taxpayer's income by ten percent (10%) or more. At such time a payment which, together with prior payments, is sufficient to pay the taxpayer's entire estimated liability shall be made. If upon the filing of the return required by Section 175.05, it appears that the taxpayer did not pay ninety percent (90%) of his or her tax liability, as shown on said return, on or before January 31, or the date fixed by regulation, whichever is applicable, the difference between ninety percent (90%) of said taxpayer's tax liability and the amount of estimated tax actually paid on or before January 31, or the date fixed by regulation, whichever is applicable, shall be subject to the interest and penalty provisions of Section 175.10.
(d) Such declaration of net estimated tax to be paid the City of Union shall be accompanied by a payment of at least one-fourth of the estimated annual tax, less credit. For all taxpayers, 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. For business entity taxpayers, 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. However, 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. Furthermore, the last quarterly payment of estimated tax need not be made if the taxpayer files his or her final return and pays the balance of the tax due thereon within forty-five days following the end of the taxable year.
(e) 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 of Union shall be paid therewith in accordance with the provisions of Section 175.05.
(Ord. 1413. Passed 1-22-07.)