Loading...
(A) The tax on income and the withholding tax established by this Ordinance 2015-34 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax on income and the withholding tax established by Ordinance 2015-34 are deemed to be levied in accordance with, and to be consistent with, the provisions and limitations of Ohio Revised Code 718 (ORC 718). This Ordinance is deemed to incorporate the provisions of ORC 718.
(B) The tax is an annual tax levied on the income of every person residing in or earning or receiving income in the municipal corporation, and shall be measured by municipal taxable income. The Municipality shall tax income at a uniform rate. The tax is levied on municipal taxable income, as defined herein.
(Ord. 2015-34. Passed 11-19-15.)
Levying a tax to provide funds for the purposes of general municipal operation, maintenance of equipment, extension, enlargement and improvement of municipal services and facilities and capital improvements, on all salaries, wages, commissions and other compensations earned by residents of this Municipality; on all salaries, wages, commissions and other compensation earned by nonresidents of this Municipality; for work done or services performed or rendered in the Municipality; on the net profits earned on all businesses, professions or other activities conducted by residents of this Municipality; on the net profits earned on all businesses, professions or other activities conducted in the Municipality by nonresidents, and on the net profits earned by all corporations doing business in the Municipality as a result of work done or services performed or rendered in the Municipality; requiring the filing of returns and furnishing of information by employers and all those subject to said tax; imposing on employers the duty of collecting the tax at the source and paying the same to the Municipality; providing for the administration, collection and enforcement of said tax; declaring violation thereof to be a misdemeanor or imposing penalties therefore, there shall be and is hereby levied a tax of one percent (1%) per annum of salaries, wages, commissions, and other compensation, and on net profits as herein provided. (Ord. 2015-34. Passed 11-19-15.)
All sums collected by this chapter shall be allocated to the general fund of the Village of Cadiz. In accordance with Ordinance No. 2015-25, beginning January 1, 2016 distributions will be made to the following funds:
(A) Equipment Fund, for the replacement of equipment and machinery as needed, to be funded by two percent (2%) of the gross revenues collected from the Village of Cadiz Income Tax, shall be payable to the Equipment Fund (commencing with 1998 and payable each year thereafter).
(B) Street Paving Fund, for the maintenance, repair, paving and resurfacing of Village roadways, streets and alleys, to be funded by three percent (3%) of the gross revenues collected from the Village of Cadiz Income Tax, shall be payable to the Street Paving Fund (commencing with 1998 and payable each year thereafter).
(Ord. 2015-34. Passed 11-19-15.)
Loading...