(a) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, the City of Canal Fulton hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(b) (1) The annual tax is levied at a rate of one and one-half percent. After January 1, 2020, the annual tax shall be levied at the annual rate of two percent per annum, for tax years beginning on or after January 1, 2020. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Canal Fulton. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 and other sections as they may apply.
(2) A. One percent shall be allocated for the purposes stated in division (a) of this section.
B. One-tenth percent shall be allocated for Police Department operations.
C. Four-tenths percent shall be allocated to the General Fund for twenty-four hour fire and EMS staffing; one full-time and two part-time police officers; traffic safety improvements; replacement for fire, police, and road maintenance equipment elimination of the one mill property levy for fire ad EMS, elimination of the one mill levy for police; begin an asphalt paving program and establish a reserve fund.
D. After January 1, 2020, five-tenths percent shall be allocated for current expenses.
(c) The tax on income and the withholding tax established by this chapter 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 limitation of R.C. Chapter 718. This chapter 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. 30-15. Passed 11-17-15; Ord. 3-18. Passed 1-16-18; Ord. 2-19. Passed 1-24-19; Ord. 24-19. Passed 9-17-19.)