(a) In accordance with the chapter and the Rules and Regulations, each employer within or doing business within the Village of Montpelier shall deduct at the time of the payment of qualifying wages, commissions, income, or other compensation the tax, at the rate in effect under this chapter, from the qualifying wages, commissions, income or other compensation due by the said employer to each employee and shall, on or before the last day of the month following the close of each calendar quarter make a return and pay to the Director of Finance the amount of taxes so deducted. Said returns shall be on a form or forms prescribed by or acceptable to the Director of Finance and shall be subject to the rules and regulations prescribed therefore by the Director of Finance. Such employer shall be liable for the payment of the tax required to be deducted and withheld, whether or not such taxes have in fact been withheld.
(b) Such employer, in collecting said tax, shall be deemed a Trustee for the benefit of the Village of Montpelier until payment is made by such employer to the Village of Montpelier, and any such tax collected by such employer from his employees shall, until the same is paid to the Village of Montpelier, be deemed a trust fund in the hands of such employer.
(c) On or before February 28 of each year during which this chapter is in effect, each employer shall file a withholding return setting forth the names and addresses and social security numbers of all employees from whose compensation the tax was withheld during the preceding calendar year and the amount of tax withheld from his employees and such other information as may be required by the Director of Finance.
(d) All employers that provide any contractual service within the Village, and who employ subcontractors in conjunction with that service, shall provide the Village the names and addresses of the subcontractors. The subcontractors shall be responsible for all income tax withholding requirements under this chapter.
(Ord. 2019. Passed 12-20-04.)