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~t ~t CITY OF NORTH ONMSTED ORDINANCE NO. 71- ~~ l Page 4 Section 1501.:1303 DECLARATIONS OF INCOME NOT COLLECTED AT SOURCE Every person who anticipates any taxable income which is not subject to Section 101.1302 hereof, or who engages in any business, profession, enter- prise or activity subject to the tax imposed by Section 1501.0501 hereof shall file a declaration setting forth such estimated income or the estimated profit or loss from such business activity together with the estimated tax due thereon, if any ;provided, however, if a person's income is wholly from wages from which the tax eill be withheld and remitted to the City of North Olmsted in accorddance with Sectionl501.1302 hereof, such person need not file a declaration. Section 1501.1304 FILING OF DECLARATION (1) The 8eclaration required by Section11501.1303 above shall be filed on or before April 30 of each year during the effective period ®et forth in Sectfon 1501.0502 or within four (4) months of the date the taxpayer becomes subject to tax for the first time. (2) Those taxpayers reporting on a fiscal year .basis shall fib a declaration within four (4) months after the beginning of each fiscal year or period. Section 1501.1305 FORM OF DECLARATION (1) The declaration required by Section 1501.1303 shall be filed upon a form furnished by, or obtainable from, the Administrator, provided, however, credit shall be taken for City of North Olmsted tax to be withheld from any portion of such income. In accordance with the provisions of Section 1501.1901 or 1501. 1902 hereof, credit may be taken for tax to be paid or to be withheld and re- mitted to another taxing municipality. (2) The original declaration) or any subsequent amendanent thereof) may be increasled or decreased on or before any subsequent quarterly payment date as provided for herein. Section 1501.1306 PAYMENT TO ACCOMPANY DECLARATION Such declaration of estimated tax to be paid to the City of North Olmsted shall be accompanied by a paymen~of at least one-fourth (1/4) of the e~t#~nated annual tax and at least a similar amount shall be paid on or before the last day of the sixth, ninth and twelfth months after the beginning of 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. Section 1501.1307 ANNUAL RETURN On or before the last day of the fourth month of the year following that fir which such declaratt3on or amended declaration was filed, an annual return shall be filed and any balance which may be due the City of North Olmsted shall be paid therewith in accordance with the provisions of Section 1501.1301 hereof. CHAPTER 15 , INTEREST AN D PENALTIES Section 1501.1501 INTEREST ON UNPAID TAX All taxes imposed and all monies withhelf or required to be withheld by employers under the provisions of this Title of the Codified Ordinances of the City of North Olmsted and remaining unpaid after they become due shall bear inteaast at the rate of one-half of one per cent (1/2 %) per month or fraction thereof.