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File #: 2017-2107    Version: 1
Type: Ordinance Status: Passed Finally
File created: 11/9/2017 In control: Committee on Finance and Law
On agenda: 12/13/2017 Final action: 12/19/2017
Enactment date: 12/19/2017 Enactment #: 53
Effective date: 1/1/2018    
Title: Ordinance amending the Pittsburgh Code at Title Two: Fiscal, Article VII: Business Related Tax, Chapter 245: Earned Income Tax, Section 245.03: Declaration and Payment of Tax, so as to standardize the due date of Earned Income Tax, to fix the rate of interest on delinquent Earned Income Tax for the year 2018, and to update language in the city code.
Attachments: 1. Summary 2017-2107
Title
Ordinance amending the Pittsburgh Code at Title Two: Fiscal, Article VII: Business Related Tax, Chapter 245: Earned Income Tax, Section 245.03: Declaration and Payment of Tax, so as to standardize the due date of Earned Income Tax, to fix the rate of interest on delinquent Earned Income Tax for the year 2018, and to update language in the city code.

Body
The Council of the City of Pittsburgh enacts as follows:

Section 1. The Pittsburgh Code is hereby amended at Title Two: Fiscal, Article VII: Business Related Tax, Chapter 245: Earned Income Tax, Section 245.03: Declaration and Payment of Tax, as follows:

? 245.03 - DECLARATION AND PAYMENT OF TAX.
(a) Net profits.
(1) Every taxpayer making any net profits or expecting to make any net profits shall on or before the date of the federal income tax return deadline of the current year, make and file with the Treasurer on a form prescribed by the Treasurer a declaration of his or her estimated net profits during the period beginning January 1 of the current year and ending December 31 of the current year, setting forth a good faith estimate of the amount of net profits anticipated by him or her during the period and subject to the tax, the amount of tax imposed by this Chapter on the estimated net profits, and other information as the Treasurer may require.
A. "Good faith" estimate, for purposes of the declared estimate, means equal to at least seventy-five (75) percent of the actual amount reported on the final return for the current tax year or the full amount of income reported and paid on the preceding year's tax return.
B. The taxpayer making the declaration shall, at the time of filing thereof, pay to the Treasurer the estimated amount of tax shown as due thereon: the first installment at the time of filing the declaration and the other installments on or before June 15 of the current year, September 15 of the current year, and January 15 of the succeeding year, respectively.
(2) Any taxpayer who fi...

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