(a) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, capital improvements and law enforcement in and for the City of Elyria (hereinafter “City”) there shall be, and is hereby levied an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(b) (1) Subject to the provisions of Section 192.06, the annual tax is levied at a rate of 1.0%; an additional annual tax for law enforcement purposes only is levied at a rate of 0.25%, on and after January 1, 1992; an additional annual tax of 0.5% for a five-year period, from July 1, 2019 through June 30, 2024; an additional annual tax of 0.5% to provide funds for resurfacing, repair of residential streets and infrastructure, additional police officers and equipment, capital needs of the City, including the Parks Master Plan, and economic development and promotion of the City, from July 1, 2016 through June 30, 2021. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 192.03 and other sections as they may apply.
(2) Allocation of funds. The funds collected under the provisions of this chapter shall be credited to the General Fund of the City and shall be allocated in such manner as prescribed by legislation adopted by Council, subject to the following: The funds collected from the additional annual tax of 0.25%, as provided in Section 192.01(b)(1) above, shall be allocated for law enforcement purposes only.
(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 limitations of R.C. Chapter 718. The provisions of this Chapter 192 are effective for tax years beginning on and after January 1, 2016. Municipal tax years beginning on or before December 31, 2015, are subject to Chapter 191 and the income tax ordinance and amendments thereto, and rules and regulations and amendments thereto, as they existed before January 1, 2016.
(Ord. 2015-115. Passed 11-23-15; Ord. 2018-113. Passed 8-6-18.)