(a) The deduction from salaries, wages and other compensation required to be made by employers is to begin with compensation earned on and after October 1, 1970. The first return and payment required to be made on account of such deductions shall be made, filed and paid to the Income Tax Commissioner between January 1, 1971 and January 31, 1971.
(Ord. 1989-6. Passed 1-3-89.)
(b) Each employer within the Municipality of Wauseon, who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly, or more often than monthly, and at the time of the payment of such salary, wage, commission or other compensation, the tax of one and one-half percent of salaries, wages, commissions or other compensation due by the employer to such employee and shall make a return and pay to the Income Tax Commissioner the amount of taxes so deducted as follows:
(1) For the three months ending March 31st, on or before April 15th;
(2) For the three months ending June 30th, on or before July 15st;
(3) For the three months ending September 30th, on or before October 15th;
(4) For the three months ending December 31st, on or before the following January 15th.
(5) Any employer who deducts taxes in the amount of two hundred dollars ($200.00) or more per month shall remit to the Income Tax Commissioner on or before the fifteenth day of the second and third months of each calendar quarter, the taxes so deducted monthly, which remittance shall be based on an estimate made by the employer of the employer's most recent payroll. (Ord. 2015-18. Passed 12-21-15.)
(c) The reporting periods referred to in the preceding paragraphs are elastic to this extent: the employer will use the same quarterly accounting period for reporting taxes withheld under the Wauseon Income Tax Ordinance as he uses in reporting quarterly taxes withheld to the Federal Government.
(d) The return shall be on a form prescribed by and obtainable from the Income Tax Commissioner and shall be subject to the rules and regulations prescribed therefor by the Income Tax Commissioner.
(e) For adjustment of errors in returns of tax withheld by employers see Section 193.21.
(f) Failure to file the employer's quarterly withholding report and remit the applicable withholding is subject to interest and penalties as herein defined in Section 191.07.
(Ord. 1989-6. Passed 1-3-89.)