(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, the City of Rocky River 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 two percent (2%). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Rocky River. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 171.2803
of this Chapter 171
and other sections as they may apply.
(2) Disbursement of Funds Collected. The funds collected under the provisions of this Chapter shall be disbursed in the following manner:
(a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering and enforcing the provisions of this Chapter shall be paid.
(b) The balance remaining after payment of the expenses referred to in subsection (a) hereof shall be deposited in the General Fund for municipal purposes, except for certain income tax collections generated by a rate of one-half (.5) percent which shall be restricted to use for capital improvements and equipment purchases, including the payment of debt service for said obligations.
(C) The tax on income and the withholding tax established by this Chapter 171
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). The provisions of this Chapter 171
, Sections 171.2801
through 171.2899
are effective for tax years beginning on or after January 1, 2016. Municipal taxable years beginning on or before December 31, 2015 are subject to Chapter 171
, Sections 171.0101
through 171.2702
and amendments thereto, and rules and regulations and amendments thereto as they existed prior to January 1, 2016.
(Ord. 64-15. Passed 11-23-15.)
(Ord. 64-15. Passed 11-23-15.)