(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, hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (1) The annual tax is levied at a rate of 2% (two percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in Glenwillow. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in 183.03 of this Chapter and other sections as they may apply.
(2) The funds collected under the provisions of this Chapter shall be disbursed in the following manner:
(a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering this Chapter shall be paid.
(b) (i) Second, the balance remaining after payment of the expenses referred to above shall be paid to the following Village funds in the stated percentages:
(ii) Debt Service Fund 3303-130XXXX 2%
(iii) Street Construction Maintenance and Repair Fund 2011-130XXXX 8%
(iv) General Fund 1000-130XXXX 90%
(C) The tax on income and the withholding tax established by this Chapter 183 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.
(Ord. 2015-10-48. Passed 11-4-15.)