(a) The deduction from salaries, wages, and other compensation required to be made by employers is to begin with compensation earned on and after July 1, 1988. The first return and payment required to be made on account of such deductions shall be made, filed and paid to the Village Tax Administrator by August 31, 1988.
(b) Each employer within the Village who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly or more often than monthly and at the time of the payment of such salary, wage, commission or other compensation, the tax of one percent (1%) of salaries, wages, commissions or other compensation due by the employer to the employee.
(c) Every employer required to deduct and withhold any amount under this section shall file a return thereof and shall pay that amount as required herein as follows:
In monthly payments to be made not later than thirty days following the close of the calendar month during which the amount was withheld.
(d) Such return shall be on a form prescribed by and obtained from the Village Tax Administrator and shall be subject to the rules and regulations prescribed therefor by the Village Tax Administrator. Such employer, in collecting the tax, shall be deemed to hold same until payment is made by such employer to the Village as such for the benefit of the Village and any such tax collected by such employer from his employees shall, until the same is paid to the Village, be deemed a trust fund in the hands of such employer.
(e) For adjustment of errors in returns of tax withheld by employers, see Section 183.23. (Ord. 1195-88. Passed 4-11-88.)