(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, maintenance, repair and improvements of the municipal pool property and capital improvements, the Village of Columbus Grove hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (l) The annual tax is levied at the rate of one and one-quarter percent (1.25%). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Village of Columbus Grove. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 191.03
and other sections as they may apply.
(2) The increase in the local income tax from one percent (1%) to one and one-quarter percent (1.25%) was pursuant to the approval of the electorate in the election held May 6, 2003. Pursuant to the levy approved by the electors, the tax shall remain at one and one-quarter percent (1.25%) for the duration of the levy, which is until December 31, 2018, after which, the income tax shall automatically revert to one percent (1%).
(C) Each taxpayer, except as herein provided, shall, whether or not a tax be due thereon, make and file a return on or before April 30th , of the year following the effective date of this chapter, and on or before April 30th of each year thereafter.
(D) The return shall be filed with the Tax Administrator on a form or forms furnished by or obtainable upon request from such Tax Administrator.
(1) The funds collected under the provisions of this chapter shall be applied for the following purposes, to-wit:
A. With regard to the first one percent (1%) of taxes collected, such part thereof as shall be necessary to defray all cost collecting the taxes levied by the chapter and the cost of administering and enforcing the provisions hereof.
B. The balance of the first one percent (1%) shall be dispersed as follows:
1. Sixty percent (60%) shall be allocated to the General Fund for operational expenditures.
2. Forty percent (40%) to be used for the following: For maintenance of new and additional equipment for the different departments of the Village, extension, enlargement and improvement of municipal services and facilities and capital improvements, including street improvements and repairs, constructions, acquisition, remodeling or enlargement of public buildings, capital improvements and retirement of notes and bonded indebtedness.
3. No withdrawal from the sixty percent (60%) fund shall be made without resolution of Council.
C. With regard to the remaining one-quarter percent (.25%) of taxes collected, such part thereof shall be allocated to a fund to be designated Pool Improvement Fund, which shall be used as the repository for the amount of tax received as set forth within this section. The funds derived therefrom shall be used for the maintenance, repair and improvements of the municipal pool property located on Road 8-P and owned by the Village of Columbus Grove, as well as debt reduction for debts associated with the maintenance, repair and improvements of the municipal pool property.
(E) The tax on income and the withholding tax established by this chapter (Ordinance #2015-9 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 ORC 718.
(Ord. 2015-9. Passed 12-28-15.)