Effective January 1, 2019 funds collected under the provision of this chapter shall be deposited in the City Income Tax Administration Fund, and the funds shall be disbursed as follows.
(A) The part necessary to defray all costs of collecting the taxes, and the cost of administering and enforcing the provisions hereof.
(B) The balance shall be disbursed, appropriated, and allocated as follows.
(1) Eighty percent (80%) to the General Fund.
(2) Twenty percent (20%) to the CIT-Capital Improvement Fund.
(Ord. 2019-072. Passed 10-1-19.)