(A) In accordance with rules and regulations prescribed by the Administrator, each employer within or doing business within this municipality shall deduct at the time of the payment of such salary, wages, commissions or other compensation due the tax of 1.72% of the gross salaries, wages, commissions or other compensation due by the employer to the employee and, shall, within 15 days after the close of each calendar month make a return and pay to the Administrator the amount of taxes so deducted. However, the Administrator shall have the authority to approve the filing of returns and payments of the tax on a quarterly basis. If the filing of quarterly payments is approved, the employer shall, on or before the 15th day of each month following the calendar quarters ending March 31st, June 30th, September 30th and December 31st, make a return and pay to the Administrator the tax withheld during the preceding calendar quarter. Such requests for quarterly filing must be submitted in writing to the Administrator and the Administrator shall provide by regulation the manner in which such approval is to be granted, denied or withdrawn. Such approval for quarterly filing may be denied or withdrawn by the Administrator when it is deemed to be warranted. The returns shall be on a form or forms prescribed by or acceptable to the Administrator and shall be subject to the rules and regulations prescribed therefor by the Administrator. Such employer shall be liable for the payment of the tax required to be deducted and withheld, whether or not such taxes have in fact been withheld.
(B) Such employer in collecting the tax shall be deemed to hold the same, until payment is made by such employer to this municipality and any such tax collected by such employer from his or her employees, shall, until the same is paid to this municipality, be deemed a trust fund in the hands of such employer.
(C) On or before February 28, of each year beginning with the year 2004, each employer shall file a withholding return setting forth the names and addresses, social security numbers, gross wages paid to, and the amount of city tax withheld from each employee, and such other information as may be required by the Administrator on all employees from whose compensation the tax was withheld during the preceding calendar year. All payments not subject to withholding shall be reported on a form required by the Administrator.
(D) The Tax Administrator for good cause may require immediate returns and payments to be submitted to his or her office.
(Ord. 5818-82, passed 3-8-1982; Am. Ord. 6372-89, passed 1-8-1990; Am. Ord. 6398-90, passed 5-21-1990; Am. Ord. 6686-95, passed 11-27-1995; Am. Ord. 6749-96, passed 1-27-1997; Am. Ord. 7000-99, passed 8-9-1999)