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D. If the total estimated fax for the current year anormts ro not more than $10.00, no
<br /> payment of estimated tax is required. (See Ordinance)
<br />6:05 Final Returns Repaired
<br />A. The filing of a Declaration of Esfunated Tax does not relieve the taxpayer of the
<br /> obhgation of filing a fatal return, even though there is no change in the declared tax
<br /> liability. A final return must be filed to obtain a refimd of any overpayment of over
<br /> One and 00/100 Dollar ($1.00).
<br /> The taxpayer ~ elect to file an annnal return and pay the taz shown due thereon
<br /> on or before the last day of the fast month of the yeaz following the taxable year
<br /> for which such Declaration was filed. An amua( return so filed and payment so
<br /> made shall be in Geu of filing the final Declaration of Estimated Tax and payment
<br /> of the final quazterty installment
<br />6:06 Liability for Employers Taxes
<br />A. ff any employer which is liable for tax, interest and penalty imposed by this
<br /> Ordinance undergoes a fundamental change, then the employer and its manager
<br /> shall be liable for taxes, interest and penalty due up to the date of the fundamental
<br /> change. Taxes and Cmal tax returns shall be due immediataly after the fundamental
<br /> change. Any successor employer shall withhdld from any purchase price that
<br /> the successor owes to the predecessor an amount sufficient to pay all unpaid taxes,
<br /> interest and penalty which the predecessor employer owed pursuant to this
<br /> Ordinance. The successor employer shall make such withholding until such time
<br /> that the predecessor employer has paid such taxes, interest and penalties. If the
<br /> successor fails to withhold said amount, then the successor and, in a personal
<br /> manner, the successor's manager shall be jointly and severally liable for the
<br /> payment of said taxes, interest and penalty.
<br />6:07 Payments Towazd Multiple Debts
<br />A. If any taxpayer or other debtor owes multiple debts and makes any single, partial
<br /> payment to this municipality with respect to such debts, such municipality shall
<br /> apply such payment in accordance with the debtors duecdons. Otherwise, this
<br /> municipality shall apply partial payments to the taxpayer's oldest unpaid tax debt,
<br /> then to his oldest interest debt, and then to his oldest penalty debt
<br />6:08 Payments of Cumencv
<br />A. Must be U.S, currency.
<br />H. No more than ten coins of each denomination type and no more than ten bills of
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<br />District of employment or business activity, but, in any event, such credit shall not
<br />be applied to a rate in excess of this municipaliWs credit limit of the taxable income
<br />earned in or attributable m the Joint Economic Development Disrict of
<br />employment or business activity. For the purpose of this Chapter, taxable income
<br />shall also include the distributive share ofnet profits of a resident, parhrer or ovmer
<br />of an unincorporated business entity. ~
<br />7:02 Genera]
<br />A No credit will be given unless the taxpayer claims such credit on his return or other
<br />form prescribed by the Administrator and presents evidence of the payment of a
<br />similaz tax to another municipality as the Adminisnrtor may requite.
<br />B. In the event a resident of this municioaliN fails, neglects or refuses m file an annual
<br />return or declaration on a form prescribed by the Administrator, be shall not be
<br />entitled to such credit or refund and shall be considered in violafion of this Chapter
<br />for fa0ure to file a return
<br />CHAPTER 8:00
<br />INTEREST AND PENALTIES
<br />8:01 Interest
<br />A. Except as provided in Sections 8:03 and 8:04 hereof, all taxes imposed and all
<br />monies withheld or required in be withheld by employers and all installments of
<br />estimated taxes required to be paid under the provisions of the Ordinance and
<br />remaining unpaid after they have become due, shall bear interest in addition to the
<br />amount of the unpaid tax, withholdings or installments of estimated tax at the rate
<br />of this municipality,
<br />8:02 Penalties
<br />A In addition to interest as provided in Chapter 8:01 hereof, penalties based on the
<br />unpaid tax aze hereby imposed as follows:
<br />1. For failure to pay taxes or estimated taxes due other than taxes withheld
<br />4]
<br />each denomination type shall be accepted from taxpayers m payment on mruncipal
<br />income nix deb[.
<br />6:09 Payments by Check
<br />A. For the purpose of these Rules and Regulations, the terra "checks" shall tact
<br />personal checks, bank checks, money orders and other such instruments for
<br />payment of money which may be handled as cash items by the Federal Reserve
<br />Banks.
<br />1. Must be drawn on a solvent savings & loan or commercial bank or other
<br />recognized financial institution located within one of the twelve. U.S.
<br />Federal Reserve Districts. (See 8:08,B)
<br />CHAPTER 7:00
<br />TAXPAYER RELIEF
<br />7:01 Tax Credit
<br />A. When taxable income (see Section 1:22 of these Regulations) of a resident of this
<br />municioalitvis subject to a municipal income tax in another municipality on the same
<br />income taxable under the Ordinance, such resident shall be allowed a credit of the
<br />amount of income fax paid an such taxable income to such other municipality equal
<br />to (this mwricioalitJs fax credit rate) the amount obtained by multiplying the lower
<br />of dte tax rate of such other municipality or of this municipality by the taxable
<br />income earned in or attributable to the municipality of employment or business
<br />activity, but, in any event, such credit shall not be applied to a rate in excess of tius
<br />municivalitJs credit limit of the taxable income earned in or attributed to the
<br />municipality of employment or business activity. For the purpose of this Chapter,
<br />taxable income shall also include the distributive shaze of net profits of a resident,
<br />partrter or owner of an unincorporated business entity.
<br />B. When taxable income (see Section 1:22 of these Regulations) of a resident of this
<br />munici i is subject to a municipal income tax in a Joint Economic Development
<br />Distdct created m revised code Section 715.70 on the same income taxable under
<br />the Onlinance, such resident shall be allowed a credit of the antoun[ of income tax
<br />paid on such taxable income to such Joint Economic Development District equal
<br />to (this mimicinality's tax credit rate) the amount obtainedby multiplying the lower
<br />of the tax rate of such Joint Economic Development District or of this municipality
<br />by the taxable income earned in or attributable m the Joint Economic Development
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<br />2. For failure to [emit taxes withheld from employees.
<br />3. For underpaying estimated taxes [here is a charge when the sum of the
<br />amount of quarterly irtstallmentpayments actually made For the aurent tax
<br />year liability of this municipality total less than 90 % of the amount of tax
<br />due for the yeaz as shown by the annual return.
<br />4. For failure to file a final return by the due date, regardless of any tax due.
<br />8:03 Exceptions
<br />A No penalty shall be assessed on additional taxes found on audit to be due when a
<br />return was timely filed in good faith and the tax paid thereon within the prescrbed
<br />Lune.
<br />B. In the absence of fiaud, neither penalty or interest shall be assessed on any
<br />additional tares resulting from a federal audit for federal income tax purposes
<br />provided an amended return is filed and the additional tax paid within three (3)
<br />months after firral detemtination of the federal tax ]iabihty.
<br />C. A taxpayer or employer shall Have thirty (30) days after receiptof nofice of any
<br />proposed imposifion of interest and penalties wittdn which to file a written protest
<br />or explanation with the Admhtistrator. L: no protest or explanation is filed within
<br />the proscribed time, the proposed imposifion of interest and penalty shall become
<br />the final assessment Upon filing of a written protest or explanation, the Tax
<br />Adminisnrtor of this municipalitvshall redetermine the assessment which may or
<br />may not be the same as the proposed assessment
<br />8:04 Auueal From Assessment
<br />A Either file Tax Adnilnishator ofthis municicalitvorthe Board of Tax Review of this
<br />municipalitymay abate penalty or interest, or both, upon showing of good cause.
<br />8:05 Violations
<br />A Any person who shall:
<br />1. Fail, neglect or reSuse to make any return or declaration required by
<br />Ordinance; or
<br />2. Make any incomplete, false or fiaudulent return; or
<br />4a
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