34-67 New 128.0101 - 128.2702 enact income tax

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-11- Section 128.1304 Filing of Declaration (1) The declaration required by Section 128.1303 above shall be filed on or before April 30 of each year during the effective period set forth in Section 128.0502 or within four (4) months of the date the taxpayer becomes subject to tax for the first time. (2) Those taxpayers reporting on a fiscal year basis shal2 file a declaration within four (4) months after the beginning of each fiscal year or period. Section 128.1305 Form of Declaration (1) The declaration required by Section 128.1303 shall be filed upon a form furnished by, or obtainable from, the Admin- istrator, provided, however, credit shall be taken for City of Lakewood tax to be withheld from any portion of such income° In accordance with the provisions of Section 128o1901 or 128.1902 hereof, 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 increased or decreased on or before any sub- sequent quarterly payment date as provided for herein. Section 128.1306 Payment to Accompany Declaration Such declaration of estimated tax to be paid to the City of Lakewood 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 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 there- on shall be paid in equal installments on or before the remain- ing payment dates. Section 128o1307 Annual Return On or before the last day of the fourth month of the year following that for which such declaration or amended declara- tion was filed,an annual return shall be filed and any balance which may be due the City of Lakewood shall be paid therewith in accordance with the provisions of Section 128.1301 hereof. INTEREST AND PENALTIES Section 128.1501 Interest on Unpaid Tax All taxes imposed and all monies withheld or required to be withheld by employers under the provisions of this Chapter of the Codified Ordinances of the City of Lakewood and remain- ing unpaid after they become due shall bear interest at the rate of one-half of one per cent (~%) per month or fraction thereof. Section 128.1502 Penalties on Unpaid Tax In addition to interest as provided in Section 128.1501 hereof, penalties based on the unpaid tax are hereby imposed as follows: