(a) Every person who anticipates the receipt of any taxable income which is not subject to § 880.04, or who engages in any business, profession, enterprise or activity subject to the tax imposed by § 880.03, shall file a declaration setting forth such person’s estimated taxable income, together with any estimated tax due thereon, if any, provided, however, that if a person’s income is wholly from qualified wages from which the tax shall be withheld and remitted to the city in accordance with § 880.04, such person need not file a declaration.
(b) (1) Such declaration shall be filed on or before April 30 of each year during the life of this chapter, or within four months after the date the taxpayer becomes subject to the provisions of this chapter. For tax years beginning after 2003, such declaration shall be filed on or before April 15 of each year during the life of this chapter or on or before the fifteenth day of the fourth month after the date the taxpayer becomes subject to the provisions of this chapter.
(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. For tax years beginning after 2003, those taxpayers reporting on a fiscal year basis shall file a declaration on or before the fifteenth day of the fourth month after the beginning of each fiscal year or period.
(c) (1) Such declaration shall be filed upon a generic form or form furnished by or obtainable upon request from the Accounts Receivable Division, provided, however, that credit shall be taken for the city tax to be withheld from any portion of such income to determine the estimated tax due. In accordance with the provisions of § 880.15, credit may be taken for tax to be paid or to be withheld and remitted to another taxing municipality.
(2) The original declaration (or any subsequent amendment thereof) may be amended at any time.
(Ord. 82-6, passed 2-11-1982; Am. Ord. 04-33, passed 8-12-2004)
(3) An amended declaration shall be filed on or before January 31 of the following year, or, in the case of a taxpayer on a fiscal year, on or before the date fixed by regulation of the Administrator if it appears that the original declaration made for such taxable year underestimated the taxpayer’s income by 20 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. If, upon the filing of the return required by § 880.06, it appears that the taxpayer did not pay 80 percent of his or her tax liability as shown on such return, on or before January 31 or the date fixed by regulations, whichever is applicable, the difference between 80 percent of such taxpayer’s tax liability and the amount of estimated tax actually paid on or before January 31, or the date fixed by regulation, whichever is applicable, shall be subject to the interest and penalty provisions of § 880.10. For tax years beginning after 2003, an amended declaration shall be filed on or before January 15 of the following year, or, in the case of a taxpayer on a fiscal year, on or before the date fixed by regulation of the Administrator if it appears that the original declaration made for such taxable year underestimated the taxpayer’s income by 20 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. If, upon the filing of the return required by § 880.06, it appears that the taxpayer did not pay 80 percent of his or her tax liability as shown on such return, on or before January 15 or the date fixed by regulations, whichever is applicable, the difference between 80 percent of such taxpayer’s tax liability and the amount of estimated tax actually paid on or before January 15, or the date fixed by regulation, whichever is applicable, shall be subject to the interest and penalty provisions of § 880.10.
(Ord. 89-72, passed 11-21-1989; Am. Ord. 04-33, passed 8-12-2004)
(d) (1) Such declaration of net estimated tax to be paid to the city shall be accompanied by a payment of at least one-fourth of the estimated annual tax, less credit, and at least a similar amount shall be paid on or before the last day of the seventh, tenth and thirteenth months after the beginning of 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 dates. For tax years beginning after 2003, such declaration of net estimated tax to be paid to the city shall be accompanied by a payment of at least one-fourth of the estimated annual tax, less credit, and at least a similar amount shall be paid on or before the fifteenth day of the seventh, tenth, and thirteenth months after the beginning of 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 dates.
(2) However, the last quarterly payment of estimated tax need not be made if the taxpayer files his or her final return and pays the balance of the tax due thereon within 45 days following the end of his or her taxable year.
(e) On or before the last day of the fourth month of the calendar or fiscal 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 § 880.06. For tax years beginning after 2003, on or before the fifteenth day of the fourth month of the calendar or fiscal 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 § 880.06.
(Ord. 82-6, passed 2-11-1982; Am. Ord. 04-33, passed 8-12-2004)