In accordance with the rules and regulations prescribed by the Income Tax Director, each employer within or doing business within this City shall deduct at the time of the payment of the salary, wage, commission, or other compensation the tax provided in Section 191.03 of the gross salaries, wages, commissions, or other compensation due by the employer to the employee. As of 1-1-2005, the employer shall on or before the last day of each month make a return and pay to the Income Tax Director the tax withheld during the preceding month, if the employer withholds an amount equal to or exceeding four hundred dollars ($400.00) per month. If the withholding is less than four hundred dollars ($400.00) per month, then the employer shall, on or before the last day of the month following the close of each calendar quarter, make a return and pay to the Income Tax Director the amount of taxes so deducted. The employer shall be liable for the payment of the tax required to be deducted and withheld, whether or not the taxes have, in fact, been withheld. The employer, in collecting the tax, shall be deemed to hold the tax, until payment is made by the employer to the City, as a trustee for the benefit of the City. Any tax collected by the employer, from his employees, shall, until paid to this City, be deemed a trust fund in the hands of the employer.
(Ord. 24-09. Passed 5-11-09.)
(Ord. 24-09. Passed 5-11-09.)