(a) All taxpayers (as defined in the Ordinance and in these Regulations) subject to the taxes imposed in Section 191.02(a) of the Ordinance, and every taxpayer who earns any income or net profits not subject to withholding shall file with the Finance Director a declaration of his estimated tax as follows:
(1) On or before April 15, 1971, every such calendar year taxpayer shall file a declaration of his estimated tax for the taxable period beginning January 1, 1971 and ending December 31, 1971.
(2) A similar declaration shall be filed by each such calendar year taxpayer on or before April 15 of each subsequent year during the life of the Ordinance, and each such declaration shall contain a statement of the taxpayer's estimated tax for the full taxable year in which such declaration is filed.
(3) Taxpayers whose gross earnings were less than five thousand dollars ($5,000) the preceding year need not file a declaration unless his earnings will exceed five thousand dollars ($5,000) in the current year.
(Ord. 1987-43. Passed 1-18-88.)
(b) Taxpayers who or which are permitted, pursuant to Section 193.10, to return and pay their tax upon a fiscal year basis, shall file their first declaration within three and one-half months after the beginning of the first fiscal year beginning on or after October 1, 1970, and the subsequent declaration for each year thereafter on or before the fifteenth day of the fourth month following the beginning of each such fiscal year. Those taxpayers on a fiscal year basis shall make quarterly payments on or before the fifteenth day of the fourth month and on or before the last day of the sixth, ninth and twelfth month following the beginning of such fiscal year. The first installment, equal to at least one-fourth of the estimated tax must accompany the declaration.
(Ord. 1979-19. Passed 9-17-79.)
(c) The estimated tax for a calendar year taxpayer may be paid in full with the filing of the declaration or in equal installments on or before April 15, June 15, September 15 and December 15, in the proportionate percentages as set forth in Section 193.07
(c)(1).
(Ord. 2015-18. Passed 12-21-15.)
(d) The declarations so required shall be filed upon a form furnished by or obtainable from the Finance Director. Any taxpayer who has filed an estimate for Federal Income Tax purposes may, in making the declaration required hereunder, simply state therein that the figures therein contained are the same figures used by the taxpayer in making the declaration of his estimate for the Federal Income Tax. However, in addition to such statement, any such taxpayer may, in such declaration, modify and adjust such declared income so as to exclude therefrom income which is not subject to tax under the Ordinance.
(e) Any estimate filed hereunder may be amended by the filing of an amended estimate at the time prescribed for the payment of any installment of tax paid in accordance with Section 193.19 of these Regulations.
(Ord. 1979-19. Passed 9-17-79.)
(f) Should a taxpayer fail to file a declaration of estimated tax for the calendar year based on taxable income not subject to withholding, or quarterly installments on a declaration so filed, he is subject to penalty and interest at the time he files his return.
(Ord. 1987-43. Passed 1-18-88.)