(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, City of Urbana 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 one and four tenths percent (1.4%). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in City of Urbana. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 171.03 of this Chapter and other sections as they may apply.
(2) The four-tenths percent (0.4%) income tax rate is in addition to the one percent (1.0%) income tax rate used to fund the City of Urbana. The purpose of the four-tenths percent (0.4%) tax is used solely for public safety operating and capital improvement purposes. This tax is effective on January 1, 1992.
(C) The tax on income and the withholding tax established by this Chapter 171 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. 4600-23. Passed 12-19-23.)