(A) To provide funds for the purposes of, but not limited to, general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, administration of the City of Louisville, maintaining adequate personnel in the Police and Fire Departments and the emergency 911 program, the City of Louisville 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 2.0% (two percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Louisville. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 192.03 of this Chapter and other sections as they may apply.
(2) The funds collected under the provisions of this chapter providing for the collection of an income tax in the City of Louisville shall be deposited in the General Fund. The funds shall be disbursed in the following manner during each calendar year.
(a) One-fourth of the proceeds thereof may be used in such respective amounts as Council shall from time to time determine, for paying costs of acquisition and construction of additions and improvements to the City's water and wastewater utilities and for payment of debt service charges on obligations of the City incurred for such purpose.
(b) Such part thereof as shall be necessary to defray all expenses of collecting the tax and administering and enforcing the provisions of this chapter.
(c) Such part thereof as shall be necessary to support departments of Police, Fire, Street Lighting, Signs and Signals, Environmental Health, Parks, Community Programming, Planning and Development, Building Code, Lands and Buildings, Administration, Other Operating and/or Capital Expenses of the City of Louisville.
(d) All sums collected and not allocated by the provisions of subsections (a) and (b) hereof may be transferred for purposes and in proportions a Council may designate by Appropriation Ordinance and subsequent Resolution.
(C) The tax on income and the withholding tax established by this Chapter 192 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). This Chapter is effective for tax years beginning on and after January 1, 2016. Municipal taxable years beginning on or before December 31, 2015, are subject to the income tax ordinance and amendments thereto, and rules and regulations and amendments thereto, as they existed before January 1, 2016.
(Ord. 23-64. Passed 12-4-23.)