(A) To provide funds for the purposes of general municipal operations, procurement of capital assets, to make capital improvements, payment of debt obligations, maintaining and improving current Fire and Emergency Medical Services general operation, equipment and facilities and for all other lawful purposes, there shall be, and is hereby levied a tax on qualifying gross income as defined in this Chapter, on earned income, net profits, and on all other taxable income, as hereinafter provided.
(B) (1) The annual tax is levied at a rate of 2.00% (Two percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Oxford. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 of this Chapter and other sections as they may apply.
(2) One quarter of one percent (.25%) of the tax rate as provided for in Section 182.01(B)(1) shall be used solely for Fire Services and Emergency Medical Services.
(C) The tax on income and the withholding tax established by this Chapter 182 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 718 (ORC 718). This Chapter 182 is effective for tax years beginning on or after January 1, 2016. Taxable years beginning on or before December 31, 2015 are subject to Chapter 181 and amendments thereto, and rules and regulations and amendments thereto, as they existed before January 1, 2016.
(Ord. 3462. Passed 2-20-18.)