(a) In accordance with the rules and regulations prescribed by the Administrator, each employer within or doing business within the municipality shall deduct at the time of the payment of such salary, wage, commission or other compensation, the tax of 1% of the gross salaries, wages, commissions or other compensation due by the employer to the employee and shall, on or before the last day of the month following the close of each calendar quarter, make a return and pay to the Administrator the amount of taxes so deducted. Returns shall be on a form or forms prescribed by or acceptable to the Administrator and shall be subject to the rules and regulations prescribed therefor by the Administrator. Such employer shall be liable for the payment of the tax required to be deducted and withheld, whether or not such taxes have in fact been withheld.
(b) Such employer, in collecting the tax, shall be deemed to hold the same, until payment is made by such employer to the municipality, as a trustee for the benefit of the municipality and any such tax collected by such employer from his or her employees, shall, until the same is paid to the municipality, be deemed a trust fund in the hands of such employer.
(c) On or before January 31 of each year beginning with the year 1975, each employer shall file a withholding return setting forth the names and addresses of all employees from whose compensation the tax was withheld during the preceding calendar year and the amount of tax withheld from his or her employees and such other information as may be required by the Administrator. All payments not subject to withholding shall be reported on a form required by the Administrator.
(d) The Administrator, for good cause, may require immediate returns and payments to be submitted to his or her office.
(Ord. 73-O-66, passed 11-20-1973; Ord. 04-O-2146, passed 7-6-2004)