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This chapter shall continue to be effective insofar as the levy of taxes is concerned, until repealed, and insofar as the collection of taxes levied hereunder and actions or proceedings for collecting any tax so levied or enforcing any provisions of this chapter are concerned, it shall continue to be effective until all of said taxes levied hereunder are fully paid and any and all suits and prosecutions for the collection of said taxes or for the punishment of violations of this chapter shall have been fully terminated, subject to the limitations contained in this chapter. Annual returns due for all or any part of the last effective year of this chapter shall be due as though the same were continuing. (Ord. 01-00. Passed 2-8-00.)
181.151 EFFECTIVE PERIOD/RECONCILIATION WITH EXISTING SECTIONS OF CHAPTER 181.
(a) Sections 181.021 and 181.091 providing for an additional one-half (1/2) of one percent (1 %) income tax shall continue effective insofar as the levy of taxes is concerned until terminated or otherwise amended by Council. This chapter, insofar as the collection of taxes levied in the aforesaid period, and actions or proceedings for collecting any tax so levied, or enforcing any provisions of this chapter are concerned, shall continue effective until all of said taxes levied in the aforesaid period are fully paid and any and all suits and prosecutions for the collection of said taxes or for the punishment of violations of this chapter shall have been fully terminated.
(b) Sections 181.01, 181.04, 181.05, 181.06, 181.07, 181.08, 181.10, 181.11, 181.12, 181.13 and 181.14, shall fully apply to this additional one-half (1/2) of one percent (1 %) income tax; but Sections 181.02, 181.03, 181.09 and 181.15 shall not apply to this additional one-half (1/2) of one percent (1%) income tax. (Ord. 03-04. Passed 7-7-03.)
(a) All residents eighteen years of age or older who reside within the Village limits shall be required to file an Edon Village income tax return each year. Regardless of the related provisions in Section 181.14, a return shall be required even if no tax liability exists.
(b) Senior citizens or retired individuals may be exempted from the requirement of filing an annual Village income tax return if they file a written statement with the Village Tax Clerk, which statement states that they are sixty-five years of age or retired, and have no source of income other than pension, social security, interest or dividends.
(Ord. 9-93. Passed 9-7-93.)
(a) Effective for the tax years beginning after December 31, 1992, net losses from non- wage sources shall not be allowed a direct deduction from taxable W-2 wage income.
(b) Non-wage income sources shall be defined as any of the following:
Federal Schedule C | Sole Proprietorship Income/Loss |
Federal Schedule F | Farm Income/Loss |
Federal Schedule E | Rental Income/Loss |
Federal Schedule E | Partnership Income/Loss |
(c) Non-wage losses may be used as a direct offset of non-wage income, and any excess loss in a tax year may be carried forward for a period up to seven years in order to offset future taxable non-wage income. (Ord. 9-93. Passed 9-7-93.)
(a) Effective for tax years beginning after December 31, 1992, all Edon Village tax returns claiming business income, rental income and farm income, must include an attached copy of the related federal income tax schedules.
(b) Partnership and corporation tax returns must include an attached copy of the front page of the federal 1120, 1120-S, or 1065 return, whichever is applicable.
(c) All Edon Village tax returns must include an attached copy of each Form W-2 issued to the taxpayer for that tax year.
(d) All Edon Village tax returns shall be considered an incomplete filing in the absence of the required attachments. Tax returns filed without proper attachments may be returned without processing or credit for filing.
(Ord. 9-93. Passed 9-7-93.)