§ 33.012 PURPOSES OF TAX; RATE.

   To provide funds for purposes of:

   (A)   The design and installation of storm sewers, street improvements and repairs, the acquisition of right-of-way for storm sewers and streets, debt retirement and capital improvements for the village;

   (B)   Parks and recreational programs for the village; and

   (C)   Acquiring, constructing and otherwise improving village streets, sidewalks, sewers and other capital improvements, there is hereby levied a tax on all salaries, wages, commissions and other compensation, and on net profits as hereinafter provided.

   (D)   Annual tax. Subject to the provisions of § 16 of Ord. 1171, an annual tax for the purposes specified in § 33.012(A)-(C) shall be imposed on and after January 1, 2016, and in accordance with § 33.012(E), at the rate of 1-1/2% per annum.

   (E)   The 1% income tax existing prior to January 1, 2000 and continuing thereafter and levied for the purposes described in § 33.012(A), shall be levied, collected and paid with respect to income earned or derived on and after January 1, 1967. The additional 1/2% income tax approved by the electors of the village at the election held on May 4, 1999, and levied for the purposes described in § 33.012(B) and (C), shall be levied, collected and paid with respect to taxable income earned on and after January 1, 2000, until revoked.

(Ord. 15-77, passed 12-21-2015; Am. Ord. 2019- 04, passed 1-7-2019)