Brice

Franklin County

http://www.briceohio.com/

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)
Credit Rate
(Credit Limit)
01/01/2013 current 2.000 % 100.000 % 2.000 %

* History displayed for the past 7 years.

Special Notes and Tax Documents

WITHHOLDING FILING FREQUENCY
If withholding amount is $12,000 or more in the previous calendar year or more than $1,000 in any month of the preceding calendar year, file semi-monthly - due the 3rd banking day after the 15th day of the month and the 3rd banking day after the last day of the month. If withholding amount is less than $12,000 but more than $2,399 in the preceding calendar year or less than $1,000 but more than $200 in any month of the preceding calendar quarter, file monthly - due the 15th day of the following month. Employers not required to file semi-monthly or monthly, file quarterly - due the last day of the month following the end of the quarter.
RULES & REGULATIONS
TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are allowed.
3903 MOVING EXPENSES
3903 Moving Expenses are NOT allowed.
AGE EXEMPTION
Individuals under 18 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts of less than $1 will not be collected or refunded.
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax must be made regardless of the anticipated amount owed.
LOTTERY/GAMBLING WINNINGS
Lottery/Gambling winnings are not taxable.
RENTAL INCOME
Rental income is taxable regardless of the total gross rental received.
S-CORPS
S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37.
WITHHOLDING FILING FREQUENCY
If withholding amount is: 1) $12,000 or more in a previous calendar year or $1,000 or more in any month in a preceding quarter, file semi-monthly - due 5 banking days after the 15th and 5 banking days after the end of each month. 2) If the taxes withheld in the prior calendar yea were less than $12,000 but more than $3,599 or if taxes withheld during any month for the preceding quarter exceed $300. Such payments shall be paid within fifteen days after the close of each calendar month. 3) All employers not required to file semi-monthly, or monthly file quarterly - due on or before the last day of the month following the end of each quarter.