(A) To provide funds for the purposes of general municipal operations, maintenance of equipment, new equipment, extension, enlargement, and improvement of municipal services and facilities and capital improvements, the Village of Wellington hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) (1) (a) The annual tax is levied at a rate of 1.00% (one percent). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the Village of Wellington. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 of this Ordinance and other sections as they may apply.
(b) In addition to the foregoing, from and after January 1, 2019, there is hereby levied an additional tax upon income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 182.03 of this ordinance and other sections as they may apply, of an additional seventy-five hundredths of one percent (0.75%), for a combined total of 1.75% per annum.
(C) The tax on income and the withholding tax established by this Ordinance 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).
(D) The funds collected under the provisions of this chapter shall be deposited in the general fund and said funds collected shall be disbursed in the following order, to wit:
(1) Such part thereof as shall be necessary to defray all costs of collecting the taxes and the costs of administering and enforcing the provisions hereof;
(2) Thereafter, the net available income tax receipts received annually from the initial 1.00% income tax levied in section (B)(1)(a) above may be used to defray operating expenses of the municipality; and/or for capital improvements for the municipality including, but not limited to development and construction of storm sewers and street improvements; for public buildings, park, and playgrounds; and for equipment necessary for Police, Fire, Street, Traffic and Safety Departments.
(3) Thereafter, the net available income tax receipts received annually from the additional 0.75% income tax levied in section (B)(1)(b) above may be used to defray operating expenses of the municipality, and/or for capital improvements for the municipality.
(Ord. 2018-37. Passed 11-7-18.)