(A) To provide funds for the purposes of general municipal functions of the Village of Silver Lake (the Municipality), there shall be and is 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 2% (two percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Municipality. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 172.03 of this chapter and other sections as they may apply.
(2) Intentionally left blank.
(C) The tax on income and the withholding tax established by this chapter 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). (Ord. 95-2015. Passed 10-19-15.)
(D) The Village of Silver Lake hereby adopts and incorporates herein by reference Sections 718.80 to 718.95 of the Ohio Revised Code for tax years beginning on or after January 1, 2018.
(E) A taxpayer, as defined in division (F) of this section, may not elect to be subject to Sections 718.80 to 718.95 of the Revised Code in lieu of the provisions of this Chapter 172.
(F) "Taxpayer" has the same meaning as in section 718.01 of the Revised Code, except that "taxpayer" does not include natural persons or entities subject to the tax imposed under Chapter 5745 of the Revised Code. "Taxpayer" may include receivers, assignees, or trustees in bankruptcy when such persons are required to assume the role of a taxpayer.
(Ord. 61-2018. Passed 10-1-18.)