(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, Smithville 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 1.5%. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in Smithville. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in § 40.03 and other sections as they may apply.
(2) Intentionally left blank.
(C) The tax on income and the withholding tax established by this Ordinance 2023-22 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 R.C. Chapter 718.
(Ord. 2023-22, passed 12-19-2023)