2006 035 Ordinance - Laserfiche WebLink

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73 Income Tax 175.1305 r (e) Mana e? r` 's Obli aton. (1) Every manager is deemed to be a trustee of this Municipality in collecting and holding the tax required under this chapter to be withheld and the funds so collected by such withholding are deemed to be trust funds. Every manager is liable directly to this Municipality for payment of such trust, whether actually collected by such employer or not. Any tax deducted and withheld is to be considered paid to this Municipality, whether or not the employer actually remits the tax to this Municipality, for purposes of determining employee payments or credits. (2) All managers shall be personally liable to the extent of the tax, interest and penalty, jointly and severally, for failure to file the employer's return or to pay the employer's tax interest and penalty as required under this chapter. (3) No change m structure by an employer, mcluding a fundamental change, discharges its managers from liability for the employees' or manager's failure to remit funds held in trust, to file a tax return or to pay taxes. (Ord. 84-41. Passed 12-17-84.) 175.1303 DECLARATION 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 during the current tax year, together with the estimated tax due thereon, less the tax withheld within the Municipality and less the tax credit allowed in Section 175.1901 hereof. (Ord. 71-50. Passed 12-20-71.) 175.1304 TIME OF FILING. (a) The declaration required by Section 175.1303 shall be filed on or before April 15th of each year during the effective period set forth in Section 175.0502 or within four months of the date the taxpayer becomes subject to tax for the first time. (Ord. 2005-05. Passed 1-24705.) (b) 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 entrties, estimated to be earned during the current tax year, together with the estimated tax due thereon, less the amount withheld within the Municipality and less the tax credit allowed in Section 175.1901, unless the entire taxable income is subject to withholding within the Municipality as provided in this chapter. If the estimated tax for the current year, less the tax to be withheld and less such tax credit, amounts to not more than ten dollars ($10.00), no declaration of payment of estimated tax is required. (Ord. 73-41. Passed 11-19-73.) 175.1305 FORM OF DECLARATION. `(a) The declaration required by Section 175:1303 shall be filed upon a form furnished by or obtainable from the Administrator. As provided in Section 175.1303 hereof, credit shall be taken for Municipal tax to be withheld from any portion of such income and credit shall be taken for tax to be paid or withheld and remitted to another taxing municipality, in accordance with the provision of Section 175.1901. (b) The original declaration or any subsequent amendment thereof may be increased or decreased on or. before any subsequent quarterly payment date as provided for herein. 2006 Replacement