(A) To provide funds for the purposes of debt retirement, general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities including recreation and capital improvements, of the Village there shall be, and is hereby levied an annual municipal income tax on income, qualifying wages, commissions, lottery and raffle winnings and other compensation, and on net profits as hereinafter provided.
(B) (1) The annual tax is levied at a rate of 1.25% (one and one quarter of one percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Village. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in § 35.03 and other sections as they may apply.
(2) The funds collected under the provisions of this chapter shall be deposited into the Expendable Income Tax Trust Fund, and thereafter applied for the following purposes and in the following order:
(a) Such part thereof as shall be necessary to defray all costs of collecting the taxes levied by this chapter and the costs of administering and enforcing the provision thereof; and
(b) A sum equal to 100% of the balance of funds collected each year under the provisions of this chapter remaining after payment of costs referred to in division (B)(2)(a) above, to the General Fund for general operating expenses.
(C) The tax on income and the withholding tax established by this chapter are authorized by Article XVIII, § 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. § 718 and applies to municipal taxable years beginning on or after January 1, 2016. This subchapter does not repeal the existing sections of this Chapter 35 for any taxable year beginning on or before December 31, 2015, but rather amends Chapter 35 effective January 1, 2016. For municipal taxable years beginning on or before December 31, 2015, the Village shall continue to administer, audit and enforce the income tax of the Village under R.C. § 718 and the ordinances and resolutions of the Village as Chapter 35 and those ordinances and resolutions existed before January 1, 2016.
(Ord. 2015-29, passed 11-9-2015; Ord. 2017-03, passed 1-23-2017; Ord. 2017-38, passed 12-11-2017; Ord. 2023-21, passed 12-11-2023)