(A) PURPOSE: The purpose of the income tax shall be to provide funds for the purposes of general municipal operations, parks and recreation, maintenance, new equipment, extension and enlargement of municipal services and facilities, and capital improvements, the City of Milford, Ohio hereby levies an annual municipal income tax at the rate on one percent (.01) on income, salaries, qualifying wages, commissions and other compensation, and on net profits as provided in Ordinance 89-1277, passed 11-21-89, and including subsequent amendments and replacements thereto (Ord 04-346, Passed 1-6-2004) and as hereinafter provided.
(B) (1) RATE OF TAX: The annual tax is levied at a rate of one percent (.01). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Milford Ohio, and shall be measured by municipal taxable income. The tax is levied on Municipal Taxable Income, as defined herein. The tax is levied on income, salaries, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.04
and 182.06
of this Chapter and as other sections as they may apply.
(Ord. 18-1379. Passed 6-19-18.)
(Ord. 18-1379. Passed 6-19-18.)