(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, the City of Willoughby 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 two percent (2%). The tax is levied at a uniform rate on all persons residing in or earning or receiving income in City. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in Section 185.03 of this Chapter and other sections as they may apply.
(2) Intentionally left blank.
(c) The tax on income and the withholding tax established by this Chapter 185 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). This ordinance does not repeal the existing sections of Chapter 185 for any taxable year beginning on or before December 31, 2015, but rather amends Chapter 185, effective January 1, 2016, for tax years beginning on or after January 1, 2016. For municipal taxable years beginning on or before December 31, 2015, the City shall continue to administer, audit and enforce the income tax of the City under ORC 718 and ordinances and resolutions, and rules and regulations of the City, as that chapter and those ordinances and rules and regulations existed before January 1, 2016.
(Ord. 2015-133. Passed 11-10-15.)