181.07 DECLARATIONS.

   (a)   Every person who anticipates any taxable income which is not subject to Section 181.06, or who engages in any business, profession, enterprise or activity subject to the tax imposed by Section 181.03 shall file a declaration setting forth the estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereon, if any. Every person filing an estimate for the year is required to have at least eighty percent (80%) paid of the actual tax due for the year, through quarterly installments due as follows. Provided, however, if a taxpayer's income is wholly from wages from which the tax will be withheld and remitted to the City in accordance with Section 181.06, the taxpayer need not file a declaration.

   (b)   (1)   Such declaration shall be filed on or before April 15 of each year during the life of this chapter, or within 105 days of the date the taxpayer becomes subject to tax for the first time.

      (2)   Those taxpayers reporting on a fiscal year or period differing from the calendar year shall file a declaration within 105 days after the start of each fiscal year or period.

   (c)   (1)   Such declaration shall be filed upon a form furnished by, or obtainable from, the Director of Finance, provided, however, credit shall be taken for the City tax to be withheld from any portion of such income. In accordance with the provisions of Section 181.15 hereof, credit may be taken for tax to be paid to or to be withheld and remitted to another income taxing authority not federal.

      (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)   Such declaration of estimated tax to be paid to the City 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 fifteenth 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 payment dates.

   (e)   On or before the fifteenth 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 City shall be paid therewith in accordance with the provisions of Section 181.05. (Ord. 80-212. Passed 3-26-80.)