(a) The purpose of this chapter is to provide funds for the purpose of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements.
(b) There is hereby levied a tax on income, qualifying wages, commissions, and other compensation, and on net profits as hereinafter provided, at the rate of two percent per annum.
(c) Effective January 1, 2019, in addition to the tax imposed by division (b) of this section, there is levied an additional tax of three- tenths of one percent for a period of five years for the sole purpose of construction, repair, improvement, and maintenance of streets and roads in the Village and appurtenances thereto including principal and interest on bonds or notes issued for any of those purpose.
(Ord. 05-2018, passed 2-27-2018; Ord. 17-2018, passed 7-31-2018)
Statutory reference:
Related provisions, see R.C. § 718.04