(A) To provide funds for the purposes of general municipal operations and capital improvements, the City of Cambridge hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) The annual tax is levied at a rate of 2.0%. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Cambridge. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in § 95.63 and other sections as they may apply.
(C) The tax on income and the withholding tax established by this subchapter 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 R.C. Chapter 718. This subchapter is effective for tax years beginning on and after January 1, 2016. Municipal tax years beginning on or before December 31, 2015, are subject to the income tax ordinance and amendments thereto, and rules and regulations and amendments thereto, as they existed before January 1, 2016.
(Ord. 66-15, passed 12-14-15; Am. Ord. 18-18, passed 3-26-18)