(a) To provide funds for the purposes of general Municipal operations, maintenance, new equipment, extension and enlargement of Municipal services and facilities and capital improvements, City hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as provided in this chapter.
(b) (1) The annual tax is levied at a rate of 1.75% (one and seventy-five hundredths percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in City. The tax is levied on income, qualifying wages, commissions and other compensation and on net profits as hereinafter provided in Section 881.03 of this chapter and other sections as they may apply.
(2) The funds collected under the provisions of this chapter shall be applied for the following purposes:
A. Such part thereof as is necessary to defray all costs of collecting the taxes levied by this chapter and the cost of administering and enforcing the provisions of this chapter shall first be paid.
B. After providing for the allocation of funds set forth in subsection (a) hereof, 100 percent of the funds collected after April 1, 1978, shall be set aside and used for the purposes of meeting current expenses and other expenditures of the General Fund, and for such other purposes as may be determined by Council, with the exception of:
1. Construction of a fire station and operation of a full-time fire department, capital improvements for and operations of the fire department and police department, which makes up 0.50% of the 1.75%.
2. Construction and/or acquisition of a recreational facility, including but not limited to, a swimming facility, baseball diamonds, soccer fields and all appurtenances thereto, land acquisition within the City of Avon, services to the area of the recreation complex, installation, relocation and/or acquisition of utilities, sidewalks, bike paths, landscaping and other public infrastructure improvements which will serve the proposed development together with engineering and legal costs, operating costs, maintenance, the purchase of new and/or used equipment, extending and/or enlarging new or existing services and facilities an such other capital improvements related thereto, which makes up 0.25% of the 1.75%. See above.
(c) The tax on income and the withholding tax established by this Chapter 881 are authorized by Article XVIII, Section 880.03 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio R.C. Chapter 718.
(Ord. 145-15. Passed 11-9-15.)