(a) To provide for the purposes of paying costs of general municipal functions, constructing, reconstructing, widening, grading, draining, paving, resurfacing, maintaining, repairing and otherwise improving streets, sidewalks, curbs and gutters, and related infrastructure improvements, costs of constructing and installing storm water improvements, and the costs of acquiring related equipment and other related municipal street and storm water operating expenses, there is hereby levied a tax on all income, salaries, qualifying wages, commissions and other compensation, and on net profits, as hereinafter provided.
(b) (1) The annual tax is levied at a rate of 2% per year, of which rate 1% is hereinafter referred to as the base tax and 1% is hereinafter referred to as the additional tax. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City. The tax is levied on all income, salaries, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in this chapter and other sections as they may apply.
(2) The base tax, as defined in (b)(1), collected under this chapter shall be disbursed by the Director of Finance in the following manner:
A. First, such part thereof as is necessary to defray all expenses of collecting the tax and of administering and enforcing this chapter shall be paid.
B. Income tax funds available shall be disbursed in the following manner;
Office on Aging Fund | $175,000 per year |
City Income Tax Fund | 6.00% of collections |
Police Facility Operating Fund | $200,000 per year |
General Fund | Balance Remaining |
C. Funds which are attributable to the additional tax, as defined in Section 881.01(b)(1), collected under this chapter, shall be disbursed by the Director of Finance in the following manner:
1. First, such part thereof as is necessary to defray all expenses of collecting the tax and of administering and enforcing this chapter shall be paid.
2. Income tax funds available shall be disbursed in the following manner:
a. At least 40% of the collections shall be placed in the General Fund;
b. Up to 40% of the collections shall be placed in the SCM&R Fund; and
c. Up to 20% of the collections shall be placed in the Storm Water and Drainage Fund.
(c) The tax on income and the withholding tax established by Chapter 881 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 R.C. 718.
(Ord. 15-94. Passed 11-17-15.)