(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, the Municipality hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) The annual tax is levied at a rate of 1% (one percent) effective beginning on January 1, 2016. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Municipality. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 164.03 of this Chapter and other sections as they may apply.
(1) Pursuant to Resolution 61-14 and Ordinance 26-14 an additional one-quarter of one percent (0.25%) is added for the purpose of constructing, reconstructing, resurfacing, and repairing local streets, thoroughfare streets, and alleys and financing of these permanent improvements in the City of Fairborn. This additional one-quarter of one percent (0.25%) is effective for the period January 1, 2015 through December 31, 2024, both inclusive.
(2) Pursuant to Resolution 62-14 and Ordinance 27-14 an additional one-quarter of one percent (0.25%) is added for the purpose of providing fire, police and emergency medical services in the City of Fairborn. This additional one-quarter of one percent (0.25%) is effective for the period January 1, 2015 through December 31, 2024, both inclusive.
(3) Pursuant to Resolution 45-19 and Ordinance 52-19 an additional one-half of one percent (0.50%) is added for the purpose of providing fire, police and emergency medical services in the City of Fairborn. This additional one-half of one percent (0.50%) is effective for the period January 1, 2021 through December 31, 2030, both inclusive.
(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 Ohio Revised Code 718 (ORC 718).
(D) Allocation of funds
(1) The funds collected under the provisions of this chapter shall be allocated in such manner as prescribed by ordinance.
(2) All administrative costs shall be paid from funds collected under provisions of this chapter.
(3) Effective January 1, 1983, two percent (2%) of the Municipal Income Tax revenues shall be credited to the Building and Lands Depreciation Reserve Fund annually and effective January 1, 1984, three percent (3%) of the Municipal Income Tax revenues shall be credited to such fund annually and may be expended only by authorization of Council for the purchase, lease, maintenance, repair, renovation or construction of Municipal buildings and lands, excluding park lands.
(4) The balance of income tax funds collected under provisions of this chapter shall be annually allocated to the General Fund.
(Ord. 45-19. Passed 12-16-19.)