1971 050 Ordinance - Laserfiche WebLink

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ORDINANCE N0. 71- 50 Page 3. thereafter. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed taithin four (4) months from the end of such fiscal year or period. Section .1301 PAYMENT OF TAX ON FILING OF RETURNS (1) the taxpayer making a return shall, at the time of filing thereof, pay to the Administrator the amount of taxes shown as due thereon; provided, however, that: a. Where any portion of the tax so due shall have been deducted at the source pursuant.: to the provisions of Section .1302 hereof, or, b. Where any portion of said tax shall have been paid by the taxpayer pursuant to the provisions of Section .1303 hereof or, c. Tdhere an income tax has been paid on the same income to another municipality, credit for the amount so deducted or paid, or credit to the extent provided for in Section .1902, shall be deducted from the amount shown to be due and only the balance, if any, shall be due and payable at the time of filing said return. (2) A taxpayer who has overpaid the amount of tax to which the Village of Mayfield is entitled tinder the provisions of this Title may have such overpayment applied against any subsequent liability here- under or, at his election, indicated on the return, such overpayment (or part thereof) shall be refunded, provided that no additional taxes or refunds of less than One Dollar ($1.00) 'shall be collected or refunded. Section .1302 COLLECTION AT SOURCE (1) In accordance with Rules and Regulations prescribed by the Administrator, each employer within or doing business within the Village of Mayfield shall deduct, at the time of the payment of such salary, wages, commission or other compensation, the tax of ane percent (1%) per annum of the gross salaries, wages, commissions or other compensation due by the said employer to said employee, and shall, on or before the last day of each month, make a return and pay to the Administrator the amotmt of taxes so deducted during the previous month; provided, however, that if the amount of the tax so deducted by any employer in any one month is less than $100.00; t'te employer may defer the filing of a return and payment of the amount deducted until the last day of the month fol- lowing the end of the calendar quarter in which such month occurred.