(a) Every taxpayer or person who anticipates any taxable income which is not subject to Section 171.06 hereof, 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.
(b) Such declaration shall be filed on or before April 15, of each year during the life of this chapter, or within three months of the date the taxpayer becomes subject to tax for the first time.
(c) Such declaration shall be filed upon a form or forms furnished by, or obtainable from, the City Treasurer, which form or forms may require a statement that the figures used in making such declaration are the figures used in making the declaration of the estimate for the Federal income tax, adjusted to set forth only such income as is taxable under the provisions of this chapter.
(Ord. 9126/81. Passed 11-12-81.)
(d) (1) Such declaration of estimated tax to be paid the City shall be accompanied by a payment of at least one-fourth of the estimated annual tax on or before April 15, and at least a similar amount shall be paid on or before June 15, September 15 and December 15.
Effective January 1, 2003, however, such declaration of estimated tax to be paid to the City by individuals shall be accompanied by payments in accordance with the following:
A. Not more than twenty-two and one-half percent (22 1/2%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before April 15th.
B. Not more than forty-five percent (45%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before July 31st.
C. Not more than sixty-seven and one-half percent (67 1/2%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before October 31st.
D. Not more than ninety percent (90%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before January 31st.
Effective January 1, 2003, however, such declaration of estimated tax to be paid to the City by non-individuals shall be accompanied by payments in accordance with the following:
A. Not more than twenty-two and one-half percent (22 1/2%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before April 15th.
B. Not more than forty-five percent (45%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before June 15th.
C. Not more than sixty-seven and one-half percent (67 1/2%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before September 15th.
D. Not more than ninety percent (90%) of the taxpayer’s estimated tax liability for the current year shall have been remitted on or before December 15th.
(Ord. 11641/02. Passed 12-23-02.)
(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 accounting basis, on or before the first day of the month following the close of the fiscal year, if it appears that the original declaration made for such year underestimated the taxpayer's income by thirty percent 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.
(3) Such declaration shall indicate that the estimated tax is being withheld under the provisions of Section 171.06 hereof or is being paid to another municipality under a similar ordinance.
(Ord. 9126/81. Passed 11-12-81.)
(e) Those taxpayers having a fiscal year or period differing from the calendar year shall file a declaration within 105 days after the start of each fiscal year or period. The estimated tax shall be paid in full with the declaration or in installments, as set forth previously in subsection (d) of this section, on or before the 105th day, the 166th day, the 255th day and the 15th day of the last month after the beginning of the taxable year.
(Ord. 11641/02. Passed 12-23-02.)
(f) On or before April 15 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 the City shall be paid therewith, in accordance with the provisions of Section 171.05.
(Ord. 9126/81. Passed 11-12-81.)
(Ord. 9126/81. Passed 11-12-81.)
(g) (Former subsection (g) was repealed by Ordinance 10416/92, passed July 22, 1992.)