182.013 ALLOCATION OF FUNDS.

   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.)

182.014 STATEMENT OF PROCEDURAL HISTORY; STATE MANDATED CHANGED TO MUNICIPAL INCOME TAX.

   (A)   Significant and wide-ranging amendments to ORC718 were enacted by Am Sub HB 5, passed by the 130th General Assembly, and signed by Governor Kasich on December 19, 2014, and H.B. 5 required municipal corporations to conform to and adopt the provisions of ORC 718 in order to have the authority to impose, enforce, administer and collect a municipal income tax.

   (B)   As mandated by H.B. 5, municipal income tax Ordinance 2015-34 (replacing Income Tax Ordinance 2009-18), effective January 1, 2016, includes the revisions made to ORC 718 to allow the Municipality to continue the income tax and withholding tax administration and collection efforts on behalf of the Municipality. However, Ordinance 2009-18 will continue to apply to tax years 2015 and prior.

(Ord. 2015-34. Passed 11-19-15.)

182.02 EFFECTIVE DATE.

   (A)   Ordinance 2015-34, effective January 1, 2016, and corresponding changes to ORC 718, apply to municipal taxable years beginning on or after January 1, 2016.

   (B)   Ordinance 2015-34 includes sections of previously adopted Income Tax Ordinances, as they existed before January 1, 2016, along with adopted changes passed in H.B. 5 that allows the Municipality to continue to administer, audit, and enforce the income tax of the Municipality under ORC 718 and ordinances and resolutions as they existed before January 1, 2016.

(Ord. 2015-34. Passed 11-19-15.)