(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, North College Hill City hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (1) The annual tax is levied at a rate of one and a half percent (1.5%) The tax is levied at a uniform rate on all persons residing in or earning or receiving income in North College Hill City. The tax is levied on income, qualifying wages, commissions and other compensation, including sick. Vacation and severance pay, deferred earned income and stock options as shown in the Medicare box on the W-2 form, on all lottery winnings of residents, and on net profits on all persons as hereinafter provided in Section 171.03 of this Ordinance and other sections as they may apply.
(C) The tax on income and the withholding tax established by Part One, Title Nine, Chapter 171, 171.03 and related sections are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code Chapter 718.
(Ord. 20-2015. Passed 12-30-15.)