Elmwood Place

Hamilton County

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)
Credit Rate
(Credit Limit)
01/01/2011 current 2.000 % 100.000 % 2.000 %

* History displayed for the past 7 years.

Special Notes and Tax Documents

Under Construction

TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are 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 are required if the anticipated amount due is $500 or more.
LOTTERY/GAMBLING WINNINGS
Lottery/Gambling winnings are not taxable.
NET OPERATING LOSS
A net operating loss may be carried forward for 5 years.
RENTAL INCOME
Rental income is taxable provided that total gross rental is in excess of $250 per month.
S-CORPS
S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37, Schedule J.
WITHHOLDING FILING FREQUENCY
If the withholding amount per month is less than $300, file quarterly - due on or before the last day of the month following the end of each quarter. Otherwise, file monthly - due on or before the 15th day of the following month.