(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 Village of Greenfield (hereto referred to as "the Village") 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 total rate of 1.625% (one and five-eighths percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Village. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 181.03 of this Chapter and other sections as they may apply.
(a) Effective July 15, 2010, the first 1% (one percent) of taxes received as a result of this Chapter shall be allocated as follows:
(i) to the General Fund, 80%
(ii) to the Street Construction and Maintenance Funds, 10%
(iii) to the Cemetery Fund, 5%
(iv) to the Parks Fund, 5%
(b) Effective October 1, 1988, the next .5% (one-half of one percent) of taxes received as a result of this Chapter shall be allocated as follows:
(i) to the General Fund, 100% for safety services
(Ord. 22-15. Passed 10-29-15.)
(c) Effective October 1, 2019, the final .125% (one-eighth of one percent) of taxes received as a result of this chapter shall be allocated as follows:
(i) to the City Hall Improvement Fund, 75%
(ii) to the General Fund, 25% (to stimulate economic development in the Village of Greenfield).
(Ord. 01-2019. Passed 1-8-19.)
(C) The tax on income and the withholding tax established by this Chapter 181 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. 22-15. Passed 10-29-15.)