(a) To provide funds for improvements to the sewerage and storm drainage system of the Municipality and the payment of debt service on bonds, notes or other obligations incurred by the Municipality for such improvements, there is levied, in addition to any other income tax imposed, a tax on income at the rate of 0.3% per annum for the period beginning January 1, 2010 and ending December 31, 2019 upon the following:
(1) On all qualifying wages, commissions, other compensation and other income earned or received by resident individuals of the Municipality. For further clarification, “income” includes, but is not limited to, lottery, gambling, and sports winnings, and games of chance, and no deductions shall be permitted against these sources of income. However, if a taxpayer is considered a professional gambler for federal income tax purposes, related deductions as permitted by the Internal Revenue Code shall be allowed against gambling and sports winnings.
(2) On all qualifying wages, commissions, other compensation and other income earned or received by nonresident individuals of the Municipality, for work done or services performed or rendered in the Municipality.
(3) On the net profits attributable to the Municipality earned or received by all resident unincorporated businesses, professions, and other entities derived from sales made, work done or services rendered or performed and business or other activities conducted in the Municipality.
(4) On the portion of the distributive share of the net profits earned or received by a resident individual, partner or owner of a resident unincorporated business entity attributable to the Municipality and not levied against such unincorporated business entity.
(5) On the net profits attributable to the Municipality earned or received by all nonresident unincorporated businesses, professions, or other activities, derived from sales made, work done or services performed or rendered and business or other activities conducted in the Municipality.
(6) On the portion of the distributive share of the net profits earned or received by a resident individual, partner or owner of a nonresident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity.
(7) On the net profits earned or received by all corporations derived from sales made, work done or services performed or rendered and business or other activities conducted in the Municipality.
(8) The portion of the net profits attributable to the Municipality of a taxpayer conducting a business, profession or other activity both within and without the boundaries of the Municipality shall be determined as provided in Ohio R.C. 718.
(b) The taxes set forth in subsection (a) hereof shall be levied, collected and paid with respect to qualifying wages, commissions, other compensation and other income earned or received on and after January 1, 2010, and with respect to the net profit of business, professions and other activities earned on and after January 1, 2010. Provided, however, that where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the net profit for the fiscal year as shall be earned on and after January 2010; thereafter the taxpayer shall report on its fiscal year basis.
(c) The funds collected under the provisions of this section shall be deposited in the Sewer Capital Improvement Fund and said funds shall be disbursed in the following manner, to wit:
(1) All of the gross available income tax receipts received annually which are attributable to the additional income tax levied pursuant to subsection (a) hereof shall be set aside and used for improvements to the sewerage and storm drainage system of the Municipality and the payment of debt service on bonds, notes or other obligations incurred by the Municipality for such improvements including, but not limited to, the payment of any architectural, engineering, financial, legal or other professional services related thereto.
(2) All expenses and costs of collecting the income taxes and the costs of administering and enforcing the provisions thereof shall be charged to the General Fund. (Ord. 2102. Passed 11-16-09.)