(a) Purpose. To provide funds for the purposes of providing funds for capital improvements, equipment and facilities in the City of St. Marys, including but not limited to the following:
(1) Purchase of fire, police and safety facilities, equipment and vehicles;
(2) Construction of streets, bridges, railroad crossings and storm sewers;
(3) Providing for parks and recreational facilities.
(b) Imposition of Tax. An annual income tax for the purposes specified in subsection (a) hereof shall be imposed at the rate of five-tenths of one percent per annum in addition to the one percent currently being levied and collected.
(c) Levy, Collection and Payment of Tax. Said tax shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation on and after July 1, 2015, and with respect to the net profits of businesses, professions or other activities earned on or after July 1, 2015. Provided, however, that where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the net profits for the fiscal year as shall be earned on or after July 1, 2015, to the close of the taxpayer’s fiscal year. Thereafter, the taxpayer shall report on its fiscal year basis.
(d) Allocation of Funds. The funds collected under the provisions of this section shall be applied for the following purposes and in the following order, to-wit:
(1) Such part thereof as shall be necessary to defray all cost and expenses of collecting the taxes levied by this section and the cost of administering and enforcing the provisions hereof.
(2) The remaining revenue, after the cost and expenses of collecting, administering and enforcing the taxes levied under this section shall provide funds for the purpose of providing funds for capital improvements, equipment and facilities in the City of St. Marys, including but not limited to the following:
A. Purchase of fire, police and safety facilities, equipment and vehicles;
B. Construction of streets, bridges, railroad crossings and storm sewers;
C. Providing for parks and recreational facilities.
(e) Scope. Except for the allocation of funds for this tax as set forth above, all of the sections of Chapter 181 of the Code of Ordinances of the City of St. Marys pertaining to the Income Tax shall apply to the tax levied under this section.
(f) Income Tax Rules and Regulations. The income tax rules and regulations adopted by the Tax Commissioner pursuant to Chapter 181 of the St. Marys Code of Ordinances shall apply to the income tax levied under this section.
(g) Duration. This section shall continue to be effective insofar as the levy of taxes is concerned through June 30, 2025, and insofar as the collection of taxes levied in the aforesaid period and action or proceedings for collection of any tax so levied or enforcing any provisions of this section are concerned and shall continue effective until all said taxes levied in the aforesaid period are fully paid and any and all suits and transactions for the collection of said taxes or for the punishment of violations of this section shall have been terminated. Provided, however, that annual returns for the year ending December 31, 2025, shall be filed on or before April 30th of the following year and any tax shown due thereon for part of the year ending December 31, 2025, which is unpaid and collected under the provisions hereof, shall be paid on said date except in those cases in which the time for filing returns and/or payment of the tax due has been extended in accordance with the rules and regulations.
(Ord. 2015-09. Passed 5-26-15.)