(a) Levy. Acting pursuant to Ohio R.C. 4504.17 and Amended Sub House Bill 419 of the Ohio General Assembly, there is hereby levied an additional annual license tax upon the operation of motor vehicles on the public roads or highways for the purpose of paying the costs and expenses of enforcing and administering the tax provided for in this section; and to provide additional revenues for the purposes set forth in Ohio R.C. 4505.060 and to supplement revenues already available for such purposes.
(Ord. 10145/90. Passed 6-27-90.)
Such tax shall be at the additional rate of an added five dollars ($5.00) per motor vehicle and upon each and every motor vehicle, the distribution of registration of which is defined in Ohio R.C. 4503.10, in the City. As used in this section, "motor vehicle" means any and all vehicles included within the definition of "motor vehicle" as defined in Ohio R.C. 4501.01 and 4505.01.
(b) Duration. Effective for the registration year commencing January 1, 1991, such tax shall be imposed and shall continue in effect and application during each and every registration year thereafter.
(c) Payment. The tax imposed by this section shall be paid to the Registrar of Motor Vehicles of the State, or to a Deputy Registrar at the time of application for registration of a motor vehicle as provided in Ohio R.C. 4503.10.
(Ord. 10125/90. Passed 5-23-90.)
(d) Disposition of Proceeds. All moneys derived from the tax hereinbefore levied shall be credited to Fund No. 203, Motor Vehicle Levy Fund, and shall be appropriated and used by the City solely for the purposes specified below:
(1) Eighty percent (80%) of the annual revenue collected to be allocated for street resurfacing and treatment, and traffic control devices and signals, including use as local matching funds for federal or state project grants.
(2) Twenty percent (20%) of the annual revenue collected to be allocated for street maintenance materials and supplies.
(Ord. 10664/94. Passed 4-27-94.)