(A) The tax on income and the withholding tax established by this Chapter 182 are authorized by Article XVIII, § 3 of the Ohio Constitution. The tax on income and the withholding tax including credits established by this Chapter 182 are authorized and limited by § 10.04 of the Mason Charter approved by the electors on May 6, 1986 and November 6, 2007, § 10.05 of the Mason Charter approved by the electors on November 6, 2012, and Ordinance 2004-108 approved by the electors on November 2, 2004. The tax on income and the withholding tax established by this Chapter 182 are deemed to be levied in accordance with, and to be consistent with, the provisions and limitations of Ohio Revised Code 718 (R.C. Chapter 718). This chapter is deemed to incorporate the provisions of R.C. Chapter 718.
(B) The tax is an annual tax levied on the income of every person residing in or earning or receiving income in the municipal corporation, and shall be measured by municipal taxable income. The Municipality shall tax income at a uniform rate. The tax is levied on municipal taxable income, as defined herein.
(C) The income tax at the rate of 1.12% shall be levied, collected and paid with respect to the qualifying wages, commissions, and other compensation earned or deemed to be received on or after January 1, 2016, and with respect to the net profits of business, professions or other activities earned on or after January 1, 2016. The income tax rate of 1.12% shall be levied, collected and paid with respect to: all prizes, awards, sweepstakes, or other income associated with any lottery winnings, gambling and sports winnings, or other similar games of chance; and all prizes, awards and winnings paid to residents of the city by state lottery commissions.
(Ord. 2015-110, passed 11-9-2015)