(a) Each employer within the Village who employs one or more persons on a salary, wage, commission or other compensation basis (including tips and gratuities) shall deduct at the time of payment of such salary, wage, commission or other compensation (including tips and gratuities), the tax imposed by Section 197.03.
(b) Each employer shall, on or before the last day of the month following the close of the calendar quarter, make a return and pay to the Commissioner of Taxation the amount of taxes so deducted. However, any employer who deducts taxes in the amount of one hundred dollars ($100.00) or more per month shall remit to the Tax Administrator on or before the fifteenth day of the second and third months of each calendar quarter the taxes so deducted monthly, which remittance may be based on an estimate made by the employer of the employer's most recent payroll.
(c) Such employer, in collecting the tax, shall be deemed to hold the same as a trustee for the benefit of the Village until payment is made by such employer to the Village, and any such tax collected by such employer from employees shall, until the same is paid to the Village be deemed a trust fund in the hands of such employer.
(Ord. 844-7-90. Passed 7-10-90)