| Piqua City Commission passed an
ordinance on November 3, 2008 regarding Piqua City Income tax.
Effective January 1, 2009, every resident 18 years of age and
older living inside the city limits of Piqua is required to file
a city income tax return due April 15th of every year.
Other changes also effective
January 1, 2009 are as follows:
Losses from federal schedules
and other sources reported for federal income tax purposes
cannot be used to offset qualifying wages and other income.
Net operating losses are no
longer allowed as a carryforward and all accumulated previous
losses are no longer deductible.
Gambling losses are only
deductible if they are supported by an independent and
verifiable statement containing a person's name, address, date,
and amount.
Amounts of less than $5.00
shall not be collected, refunded or credited.
Employers are required to
remit withholding on a monthly basis if the tax liability for
the previous year equals or exceeds three thousand dollars
($3,000.00).
All withholding payments are
due on the 15th of the month following the end of the month or
quarter.
A copy of all issued 1099-Misc
forms need to be submitted to the City of Piqua by February
28th.
Please refer to the Income Tax
page links listed on the left side of this page for additional
information.
If you have any questions regarding these changes, please
contact the Piqua Income Tax Department at (937) 778-2009 or incometax@piquaoh.org.
|
