(A) The deduction from salaries, wages and other compensation required to be made by employers are to begin with compensation earned on and after January 1, 1977. The first return and payment required to be made on account of such deductions shall be made, filed and paid to the Village Clerk between January 1, 1977 and April 30, 1977.
(B) Each employer within the Village of Smithville who employs one or more persons on a salary, wage, commission or other compensation basis shall deduct monthly, or more often than monthly, and at the time of the payment of such salary, wage, commission, or other compensation, the tax of 1.5% of salaries, wages, commissions or other compensation due by the said employer to the said employee and shall make a return and pay to the Village Clerk the amount of taxes so deducted as follows:
(1) For the three months ending March 31, on or before April 30; For the three (3) months ending June 30, on or about July 31;
(2) For the three months ending September 30, on or before October 31 For the three (3) months ending December 31, on or before the following January 31.
(C) The reporting periods referred to in the preceding paragraphs are elastic to this extent: The employer will use the same quarterly accounting period for reporting taxes withheld under the Smithville Income Tax Ordinance as he uses in reporting quarterly taxes withheld to the Federal Government.
(D) Said return shall be on a form prescribed by and obtainable from the Village Clerk and shall be subject to the rules and regulations prescribed therefor by the Village Clerk.
(Res. 1976-55, passed 12-13-1976)