(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, the Village of Mingo Junction hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (1) The annual tax is levied at a rate of 1% (one percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in Village of Mingo Junction. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 and other sections as they may apply.
(2) An additional tax is levied at a rate of 1% (one percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in Village of Mingo Junction. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 and other sections as they may apply. Proceeds from this tax shall be distributed to the various funds of the Village as follows:
1. General Fund
2. Garbage & Rubbish
3. Street Repair Fund
4. Capital Improvement Fund
5. Recreation Fund
6. Senior Citizen Fund
7. Fire Equipment, Maintenance & Repair Fund
8. Police Equipment, Maintenance & Repair Fund
9. Police & Drug Enforcement Fund
10. Community Development Fund
(C) The tax on income and the withholding tax established by this Ordinance 2015-16 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code 718 (ORC 718). This ordinance is effective for tax years beginning on and after January 1, 2016. Municipal tax years beginning on or before December 31, 2015, are subject to the income tax ordinance and amendments thereto, and rules and regulations and amendments thereto, as the existed before January 1, 2016.
(Ord. 2015-16. Passed 10-13-15.)