(A) The Purpose of the Tax is to provide funds for general municipal functions of the City, there shall be and is hereby levied a tax on all wages, salaries, commissions, other compensation including fees, sick pay, bonuses, tips, rents, profits from businesses ( as defined in Section 178.03) including professional association and partnerships, royalties, employer supplemental unemployment benefits (subpay). Wage continuation plans, contests prizes and awards, all gaming , schemes of chance, wagering, lotteries, including the Ohio lottery winnings subject to Section 178.03 (14)(D), dismissed or severance pay, incentive payment property in lieu of cash, depreciation recapture and other compensation earned, received and accrued.
(B) Said tax shall be levied, collected and paid with respect to definitions in sections 178.03 and income subject to tax pursuant to all Sections of 178.041 through 178.043, Sections 178.051 through 178.053, and sections 178.061 through 178.065 after January 1, 2018 at a rate of three percent (3%). (Ord. 9467-17. Passed 1-26-17.)