Every person who anticipates any taxable income which is not subject to Section 181.07 hereof, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 181.02(c)(1) and (c)(2) 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, salaries, commissions or other compensation from which the tax will be withheld and remitted to the Village in accordance with Section 181.07 hereof, such person need not file a declaration.
Such declarations shall be filed on or before April 15th of each year during the life of this chapter, or on or before the 15th day of the 4th month the taxpayer becomes subject to the tax for the first time.
Those taxpayers reporting on a fiscal year basis shall file a declaration on or before the 15th day of the 4th month after the beginning of each fiscal year or period.
Such declaration shall be filed upon a form furnished by, or obtainable from the Tax Director provided, however, credit shall be taken for the Village tax to be withheld from any portion of such income, in accordance with the provisions of Section 181.07.
(Ord. 87-107. Passed 1-4-88.)
The original declaration (or any subsequent amendment thereof) may be increased or decreased on or before any subsequent quarterly payment day as provided for herein.
Such declaration of estimated tax to be paid the Village shall be accompanied by a payment of at least one-fourth (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; provided, 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 dates.
(Ord. 90-127. Passed 11-19-90.)
On or before the 15th day of the fourth month 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 Village shall be paid therewith in accordance with the provisions of Section 181.05 hereof.
Any person required to, but failing to file a Village of West Jefferson Income Tax Return each year, shall be liable to a $25.00 penalty whether or not a tax is due the Village of West Jefferson. This penalty is in addition to penalties and interest due to late filing. The Tax Director may exempt those individuals as provided under Section 181.15, Exemptions.
(Ord. 90-117. Passed 11-05-90.)