Sunbury

Delaware County

http://www.sunburyvillage.com

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)
Credit Rate
(Credit Limit)
01/01/2011 current 1.000 % 0.000 % 0.000 %

* History displayed for the past 7 years.

Special Notes and Tax Documents

RULES & REGULATIONS
TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are limited to the amount deductible for federal tax purposes.
AGE EXEMPTION
Individuals under 18 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts under $10.01 will not be collected or refunded.  The $10.01 de minimis threshold does not apply to amounts required to be withheld by employers. 
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax are required if the anticipated amount due is $200 or more.
LOTTERY/GAMBLING WINNINGS
Lottery and gambling winnings are taxable - no minimum. Gambling losses may not offset gambling winnings unless the taxpayer is a professional gambler per IRS regulations.
NET OPERATING LOSS
Beginning with losses incurred in 2017, a net operating loss may be carried forward for 5 years. For losses incurred in tax years 2017, 2018, 2019, 2020 and 2021, only 50% of the carried forward loss may be deducted in each subsequent year. For pre-2017 losses see Special Notes For Tax Years 2015 and Prior.
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 withholding amount is $2,400 or more in the immediately preceding calendar year or more than $200 in any one month of the preceding calendar quarter, file monthly - due date is the 15th day of the following month. All employers not required to file monthly, file quarterly - due date is the last day of the month following the end of the quarter. 
RULES & REGULATIONS
TAX ORDINANCE
2106 BUSINESS EXPENSES
2106 Business Expenses are limited to the amount deductible for federal tax purposes.
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 if the anticipated amount is over $50.
LOTTERY/GAMBLING WINNINGS
Lottery/Gambling winnings are taxable - no minimum.
NET OPERATING LOSS
A net operating loss may not be carried forward.
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 Schedule J.
WITHHOLDING FILING FREQUENCY
1) If withholding amount was $6,000 or more in the prior calendar year or more than $500 in any month in the preceding quarter, file monthly - due 5 banking days after the end of each month. 2) If you are a temporary employer who will not conduct business in the Village more than one year, file monthly - due on or before the 15th day of the following month. 3) Otherwise, file quarterly - due on or before the last day of the following month.