(A) Every person who anticipates any taxable income which is not subject to § 39.06 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 39.03 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 this municipality in accordance with § 39.06 hereof, such person need not file a declaration.
(B) (1) Such declaration shall be filed on or before April 15th of each year during the life of this chapter or within 105 days 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 on or before 105 days 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 Administrator.
(2) The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent payment date as provided for herein.
(D) (1) Such declaration of estimated tax to be paid this municipality shall be accompanied by a payment of at least 1/4 of the estimated annual tax and at least a similar amount shall be paid on or before the 15th day of the sixth, ninth and twelfth months after the beginning of the taxable year. Providing 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 date(s).
(2) An amended declaration must be filed on or before January 31 of any year, or in the case of a taxpayer on a fiscal year basis, on or before one month following the end of the tax year, if it appears that the original declaration made for such year underestimated the taxpayer's income by 10% or more. At such time a payment which, together with prior payments is sufficient to pay the taxpayers entire estimated liability, shall be made. If upon the filing of the return required by § 39.05, it appears that the taxpayer did not pay 90% of his or her tax liability, as shown on the return on or before January 31 or one month following the end of his or her tax year, whichever is applicable, the difference between 90% of the taxpayers tax liability and the amount of estimated tax he or she actually paid on or before January 31 or one month following the end of his or her tax year, whichever is applicable, shall be subject to the interest and penalty provisions of § 39.10. However, this requirement does not apply to a taxpayer who filed a current year estimate based on 100% or more of his or her entire previous years income subject to the tax.
(E) On or before the 15th day of the fourth month following that for which such declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due this municipality shall be paid therewith in accordance with the provisions of § 39.05 hereof.
(Ord. 5818-82, passed 3-8-1982)