(A) (1) Each employer within or doing business with the village who employs one or more persons on a salary, wage, commission or other compensation basis shall at the time of the payment thereof, deduct therefrom 1-1/2% of the qualifying wages, commissions or other compensation due from said employer to said employee. On or before the last day of each month following the close of the calendar quarter, a return must be filed and payment made to the village Income Tax Department covering the previous quarter's liability. An employer who withholds $1,200 or more per year must, before the twentieth of each following month, pay the taxes so withheld to the Income Tax Department on a monthly basis. Said return shall be on a form or forms prescribed by or acceptable to the Income Tax Department and shall be subject to the rules and regulations prescribed by the village.
(2) The Tax Commissioner is authorized to enter into agreements with employers outside the village, provided they have the written consent of the employees affected, to collect such taxes at the source in the same manner as provided above.
(B) (1) Such employer in collecting said tax shall be deemed to hold the same until payment is made by such employer to the village, as a Trustee for the benefit of the village and any such tax collected by such employers shall, until the same is paid to the village, be deemed a trust fund in the hands of such employer.
(2) However, no person shall be required to withhold the tax on the wages, or other compensation paid domestic servants employed exclusively in or about such person's residence.
(Ord. 04-05-01, passed 6-29-04)