(A) To provide funds for the purposes of general operations, maintenance, new equipment, extension and enlargement of Municipal services and facilities and capital improvement of the Village there shall be, and is hereby levied a tax on all salaries, wages, commissions and other compensation, and on net profits as hereinafter provided. This tax is levied to insure that the Village will be able in the future to pay all of the municipal employees a fair wage taking into consideration the status of the economy, and the effects inflation may have on earnings.
(B) (1) The annual tax is levied at a rate of two percent [2%]. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in The Village of Boston Heights. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 189.03 and other sections as they may apply.
(2) The funds collected under the provisions of this chapter shall be disbursed in the following manner:
(a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid.
(b) The balance remaining after payment of the expenses referred to in subsection (a) hereof shall be deposited in the General Fund to be used according to the applicable appropriations made by Council.
(C) The tax on income and the withholding tax established by this Chapter 189 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code 718 (ORC 718). (Ord. 2015-9-23. Passed 10-13-15.)