(a) In accordance with rules and regulations prescribed by the Administrator, such employer within or doing business within the Village shall deduct at the time of the payment of the salary, wage, commission or other compensation, the tax of one percent (1%) of the gross salaries, wages, commissions or other compensation due by the employer to the employee and shall, on or before the last day of the month following the close of each previous calendar month make a return and pay to the Administrator the amount of taxes so deducted. These returns shall be on a form or forms prescribed by or acceptable to the Administrator and shall be subject to the rules and regulations prescribed therefor by the Administrator. The employer shall be liable for the payment of the tax required to be deducted and withheld, whether or not such taxes have in fact been withheld.
(b) The employer in collecting the tax shall be deemed to hold the same until payment is made by the employer to the Village as trustee for the benefit of the Village and any tax collected by the employer from his employees shall, until the same is paid to the Village, be deemed a trust fund in the hands of such employer.
(Ord. 1195-88. Passed 4-11-88.)