(A) The municipality hereby adopts and incorporates herein by reference R.C. §§ 718.80 to 718.95 for tax years beginning on or after January 1, 2018.
(B) A taxpayer, as defined in division (C) of this section, may elect to be subject to R.C. §§ 718.80 to 718.95 in lieu of the provisions of this chapter.
(C) TAXPAYER has the same meaning as in R.C. § 718.01, except that taxpayer does not include natural persons or entities subject to the tax imposed under R.C. Ch. 5745. Taxpayer may include receivers, assignees or trustees in bankruptcy when such persons are required to assume the role of a taxpayer.
(D) In the event that R.C. §§ 718.80 to 718.95 are determined by a court of competent jurisdiction to be invalid, unconstitutional or otherwise unenforceable, this section shall be considered null and void and shall be automatically repealed until and unless further legislative action is taken by City Council.
(Prior Code, § 880B.22) (Ord. 2018-04, passed 3-13-2018)