(A) Each employer within or doing business within the city shall deduct, at the time of the payment of such salary, wage, commission or other compensation, the tax of 1.75% of the gross salaries, wages, commissions or compensation due by the said employer to said employee.
(1) If the average monthly payroll deduction of the city income tax is less than $100 a month, the employer shall, on or before the last day of the month following the close of each calendar quarter, make a return and pay the City Auditor the amount of taxes so deducted.
(2) If the average monthly payroll deduction of the city income tax is $100 a month or more, the employer shall be required to file withholding returns and pay the monthly collections on or before the last day of the month following the month of collection.
(3) The City Auditor may change the filing schedule when the Auditor deems the change necessary to ensure the proper and timely collection of monies due to the city.
(B) Such employer, in collecting said tax shall be deemed to hold the same, until payment is made by such employer to the city as a Trustee for the benefit of the city, and any such tax collected by such employer from his or her employees shall, until the same is paid to the city is deemed a trust fund in the hands of such employer.
(Prior Code, § 15.01.08)