No income tax shall be imposed by Council which shall be in excess of two percent (2%).
The Council shall, by ordinance, impose an income tax at a rate of two percent (2%) on all incomes which are now or may hereafter be subject to taxation by the municipality of Willoughby Hills under the Constitution and laws of the State of Ohio. The income tax required to be imposed by this section shall remain in effect until repealed by amendment of this Charter by a vote of the electors of Willoughby Hills.
Any and all income tax above one and one-half percent (1.50%) up to two percent 2.00% of income tax paid on income earned within the City and net profits shall be exclusively used to support the City's Safety Forces only.
By the terms of said ordinance the Council shall amend existing Sections 185.0501, 185.0502 and 185.1302 of the Codified Ordinances of the municipality so that the rate of the municipal income tax shall be increased from one and one-half percent (1.50%) to two percent (2%) per annum, effective January 1, 2011. Section 185.1902 shall be amended to reflect a tax credit of one hundred percent (100%); such credit limit shall be equal to one and one-half percent (1.50%). The credit and limits by this section shall remain in effect until repealed by amendment of this Charter by a vote of the electors of Willoughby Hills.
(Amended 11-2-10.)