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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 9. TAXATION AND ASSESSMENTS |
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Chapter 9-1. INCOME AND FRANCHISE TAXES |
Section 9-149. DECLARATION AND PAYMENT OF ESTIMATED FRANCHISE TAX
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149.1Each corporation, financial institution, and unincorporated business required to make and file a franchise tax return under this article shall make and file a declaration of estimated tax if its franchise tax imposed by § 1 of Title 10 of the Act for the taxable year can reasonably be expected to exceed one thousand dollars ($ 1,000).
149.2For the purpose of this section and § 150, any amount paid prior to the last date prescribed in § 3(a) of Title V of the Act for filing purposes, shall be deemed to be paid on the last date.
149.3If an amendment of a declaration is filed, remaining installments, if any, shall be ratably increased or decreased (as the case may be) to reflect the respective increase or decrease in the estimated tax by reason of the amendment.
149.4If any amendment is made after the fifteenth (15th) day of the ninth (9th) month of the taxable year, any increase in the estimated tax by reason of the amendment shall be paid at the time of making the amendment.
149.5The declaration of estimated tax required of corporations, financial institutions, and unincorporated businesses shall be filed as follows:
IF THE REQUIREMENTS OF §1 OF TITLE 10 OF THE ACT ARE FIRST MET:
THE DECLARATION SHALL BE FILED ON OR BEFORE:
Before the 1st day of the 4th month of the taxable year:
The 15th day of the 4th month of the taxable year:
After the last day of the :3rd month and before the 1st day of the 6th month of the taxable year:
The 15th day of the 6th month of the taxable year:
After the last day of the 5th month and before the first day of the 9th month of the taxable year:
The 15th day of the 9th month of the taxable year:
After the last day of the 8th month and before the 1st day of the 12th month of the taxable year:
The 15th day of the 12th month of the taxable year.
149.6If estimated franchise taxes are paid in installments, the amount of estimated tax (as defined in § 14 of Title 12 of the Act) with respect to which a declaration is required shall be paid in installments in accordance with the following table:
IF THE DECLARATION IS TIMELY FILED ON OR BEFORE THE 15th DAY OF THE FOLLOWING MONTH:
THE FOLLOWING PERCENTAGES OF THE ESTIMATED TAX SHALL BE PAID ON THE 15TH DAY OF THEFOLLOWING MONTH:
4th Month
6th Month
9th Month
12thMonth
4th month of the taxable year
25%
25%
25%
25%
6th month of the taxable year (but after the 15th day of the 4th month)
33 1/3
33 1/2
33 1/3
9th month of the taxable year (but after the 15th day of the 6th month)
50
50
12th month of the taxable year (but after the 15th day of the 9th month)
100
149.7The addition to tax due by corporations and unincorporated businesses referred to in § 14(b) of Title XII of the Act shall not be imposed when the taxpayer has met the requirements described in §§ 6655(d) and (e) of the Internal Revenue Code.