71-73 Amend 128.1303 & 128.1306 Admin - pmt of income tax

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ORDINANCE NO. 71-73 BY: Messrs. Brockman, Graber, Magnotto, · McBride, Sinagra, Usher, Werner AN EMERGENCY ORDINANCE to amend Section 128.1303 and Section 128.1306 of the Administrative Code of the Codified Ordinances of the City of Lakewood relating to the declaration and payment of estimated municipal income tax. WHEREAS, this ordinance constitutes an emergency measure providing for the immediate preservation of the public health, safety and welfare and for the usual daily operation of a municipal department, now, therefore, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1o That existing Section 128o1303 of the Administrative Code of the Codified Ordinances of the City of Lakewood which presently reads as follows: SECTION '128.1303 DECLARATIONS OF INCOME NOT COLLECTED AT SOURCE Every person shall file a declaration setting forth estimated taxable income, including distributive shares of net profits of unincorporated business entities, estimated to be earned by the taxpayer d~ring the current tax year, together with the estimated tax due thereon, less the tax withheld within the City and less the tax credit allowed in Section 128.1902 hereof. be and the. same is hereby amended to read as follows: SECTION 128.1303 DECLARATIONS OF INCOME NOT COLLECTED AT SOURCE 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 City, less the tax credit allowed in Section 128o1902 hereof, unless such taxpayer anticipates that such tax will be fully withheld within the City, and any income earned outside of the City will be fully taxed at the same or higher rate of tax in another municipality. If the estimated tax for the current year, less the tax to be withheld and less such tax credit, amounts to not more than $10.00, no declaration or payment of estimated tax is required. · Section 2. That existing Section 128.1306 of the Administrative Code of the Codified Ordinances of the City of Lakewood which presently reads as follows: SECTION 128.1306 PAYMENT TO ACCOMPANY DECLARATION Such declaration of estimated tax to be paid to the City shall be accompanied by a payment of at least one-fourth (1/4) of the estimated annual tax and at least a similar amoJnt shall be paid on or before the last day of the sixth and ninth 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. Provided, however, that in case an amended declaration has been filed, the unpaid balance shown due thereon shall be paid in equal install- ments on or before the remaining payment date or dates. be and the same is hereby amended to read as follows: