(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, and capital improvements, the City of Wadsworth hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided. The annual tax is levied at a rate of 1%.
(1) All income taxable under this section shall, after July 1, 1981, be subject to an additional income tax of 0.3% which is levied to provide funds for general municipal operations, and capital improvements of the City.
(2) All income taxable under this section shall, on and after January 1, 2012 until and including December 31, 2021 be subject to an additional income tax of 0.1% which is levied to provide funds for street improvements of the City.
(B) (1) The annual tax is levied at the rate as outlined in division (A) of this section. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City of Wadsworth. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in § 34.12 and other sections as they may apply.
(C) The taxes on income and the withholding tax established by this subchapter 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. 15-095, passed 11-4-15)