(a) The initial 1% levy imposed by Section 890.03(a) shall be levied, collected and paid with respect to the taxable income (unless specifically exempted by this chapter), salaries, qualifying wages, vacation pay, sick pay, commissions and all other compensation earned, received, accrued or in any way set apart to any individual on and after July 1, 1967, and thereafter for an indefinite period of time, and with respect to the net profits of associations, businesses, professions and other activities earned on and after July 1, 1967, and thereafter for an indefinite period of time.
(Adopting Ordinance. Ord. 92-59. Passed 11-2-92.)
(b) The additional 0.25% levy imposed by Section 890.03(a) shall be levied, collected and paid with respect to the taxable income (unless specifically exempted by this chapter), salaries, qualifying wages, vacation pay, sick pay, commissions and all other compensation earned, received, accrued or in any way set apart to any individual on and after April 1, 1975, and thereafter for an indefinite period of time, and with respect to the net profits of associations, businesses, professions and other activities earned on and after April 1, 1975, and thereafter for an indefinite period of time.
(Ord. 75-8. Passed 1-6-75; Ord. 92-59. Passed 11-2-92.)
(c) The additional 0.5% levy imposed by Section 890.03(a) shall be levied, collected and paid with respect to the taxable income (unless specifically exempted by this chapter), salaries, qualifying wages, vacation pay, sick pay, commissions and all other compensation earned, received, accrued or in any way set apart to any individual on and after January 1, 2002, and thereafter for an indefinite period of time, and with respect to the net profits of associations, businesses, professions and other activities earned on and after January 1, 2002, and thereafter for an indefinite period of time.
(d) The 1.75% levy imposed by Section 890.01(d) shall be levied, collected and paid with respect to taxable income (unless specifically exempted by this chapter), salaries, qualifying wages, vacation pay, sick pay, commissions and all other compensation earned, received, accrued or in any way set apart to any individual on and after January 1, 2006, and thereafter for a period of not less than 30 years, and with respect to the net profits of associations, businesses, professions and other activities earned on and after January 1, 2006, and thereafter for a period of not less than 30 years. The levy imposed by Section 890.01(d) shall continue in full force and effect indefinitely beyond any applicable period proscribed by a JEDZ or JEDD contract until the earlier of:
(1) The expiration of a JEDZ or JEDD Contract (including any and all renewals and extensions thereof): or
(2) A duly authorized resolution of the Board of Directors issued in accordance with Ohio R.C. 715.691 canceling or otherwise modifying the levy imposed by Section 890.01(d).
(Ord. 01-52. Passed 11-19-01; Ord. 05-48. Passed 9-6-05; Ord. 08-39. Passed 12-1-08; Ord. 09-71. Passed 12-21-09.)