(a) Except as provided in this section, every person shall file a declaration setting forth taxable income, including distributive shares of net profits of unincorporated business entities, estimated to be earned by the taxpayer during the current tax year, together with the estimated tax due thereon, less tax withheld within the Municipality, less tax credit allowed in Section 181.11, unless the taxpayer anticipates that the tax will be fully withheld within the Municipality, and any income earned outside the Municipality will be fully taxed at the same rate or higher rate in another Municipality. If the estimated tax for the current year, less the tax to be withheld and unless the tax credit amounts to not more than ten dollars ($10.00) no declaration or payment of estimated tax is required.
(b) (1) The declaration required by subsection (a) hereof, shall be filed on or before April 30, of each year during the effective period set forth in Section 181.04 or within four months 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 within four months after the beginning of each fiscal year or period.
(c) (1) The declaration required by subsection (a) hereof shall be filed upon a form furnished by or obtained from the administrator. As provided in subsection (a) hereof, credit shall be taken for municipal tax to be withheld from any portion of the income and credit shall be taken for tax to be paid or withheld and remitted to another taxing municipality, in accordance with the provisions of subsection (a) hereof.
(2) The original declaration or any subsequent amendment thereof may be increased or decreased on or before any subsequent quarterly payment date as provided for herein.
(d) The declaration of estimated tax to be paid to the Municipality shall be accompanied by a payment of at least one-fourth of the estimated annual tax and at least a similar amount shall be paid on or before the last day of the seventh and tenth months after the beginning of the taxable year, and on or before the last day of the first month of the succeeding year following the taxable year. However, 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.
(e) On or before the last day of the fourth month of the year following that for which the declaration or amended declaration was filed, an annual return shall be filed and any balance which may be due the Municipality shall be paid therewith in accordance with the provisions of Section 181.08. However, any taxpayer may file, on or before the last day of the first month of the year following that for which the declaration or amended declaration was filed, an annual return, and pay any balance due at the time in lieu of filing the declaration or an amended declaration, and in lieu of paying the final quarterly installment based upon a declaration or amended declaration of estimated tax.
(Ord. 1967-02. Passed 5-17-67.)