1973 041 Ordinance - Laserfiche WebLink

Home Browse Search

ORDINANCE ~f73-41 Introduced by: Mr. Davis AN ORDINANCE TO AMEND SECTION 111.1304 OF SECTION 1 OF ORDINANCE 1I102, KNOWN AS THE INCOME TAX ORDINANCE BY PROVIDING THAT IF THE ESTIMATED TAX IS NOT MORE THAN TEN DOLLARS ($10.00), NO DECLARATION OR PAYMENT IS REQUIRED AND BY AMENDING SECTION 111.1306 OF SECTION 1 PROVIDING FOR PAYMENT OF THE DECLARATION OF ESTIMATED TAX BE IT ORDAINED BY THE COUNCIL OF THE VILLAGE OF HAYFIELD, CUYAHOGA COUNTY, OHIO, THAT: Section 1. Section 111.1304 of Section 1 of Ordinance No. 1021, the Income Tax Ordinance, is hereby amended to read as follows: "Section 111.1304. Filing of Declaration. "(1) The declaration required by Section 111.1303 above shall be filed on or before April 30 of each year during the effective period set forth in Section 111.0502 or within four months of the date the taxpayer becomes subject to tax for the first time. "Except as provided in this section, every person shall file a declaration setting forth taxable income, including dis- tributive shares of net profits of unincorporated business entities, estimated to be earned during the current tax year, together with the estimated tax due thereon, less the amount withheld within the Village of Mayfield and less the tax credit allowed in Chapter 19 hereof, unless the entire taxable income is subject to withholding within the Village of Mayfield as provided in this Income Tax Ordinance. 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. Section 111.1306 of Section 1 of Ordinance No. 1021, the Income Tax Ordinance, is hereby amended to read as follows: "Section 111.1306. Payment to Accompany Declaration. "Such declaration of estimated tax to be paid to the Village of Mayfield shall be accompanied by a payment of at least one-fourth (1/4th) of the estimated annual tax and at least a similar amount shall be paid on or before the last day of the seventh (7th) and tenth (10th) months after the beginning of the taxable year, and on or before the last day of the first (1st) month of the suc- ceeding 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 installments on or before the remaining payment dates."