49-68 Amend 128.0501 & .1302 Admin - Muni income tax

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-2- be and the same is hereby amended to read as follows: Section 128.0501 Rate and Income Taxable For the purposes specified in Section 128.0101 hereof, on and after July i, 1967, an annual tax of one-half of one percent (½%) per annum shall be i~posed the hereinafter specified income provided that after July 1, 1968, the rate of said tax shall be a total of one percent (1%) per annum. Said tax shall be imposed on the following income: (a) On all salaries, wages, conm~issions and other compensa- tion earned on and after July 1, 1967, by residents of the City. (b) On all salaries, wages, commissions and other compensa- tion earned on and after July 1, 1967, by nonresidents of the City for work done or services performed or rendered within the City. (c) (1) On the portion attributable to the City on the net profits earned on and after July 1, 1967, of all resident unincorporated business entities or professions or other. activities, derived from sales made, work done, services performed or rendered and business or other activities conducted in the City. (2) On the portion of the distributive share of the net profits earned on and after July 1, 1967, of a resident partner or owner of a resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity. (d) (1) On the'portion attributable to the City of the net profits earned on or after July 1, 1967, of all non- resident unincorporated business entities, professions or other activities, derived from the sales made, work done, services performed or rendered and business and other activities conducted in the City, whether or not such unincorporated business entity has an office or place of business in the City. (2) On the portion of the distributive share of the net profits earned on or after July 1, 1967, of a resident partner or owner of a nonresident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity. (e) On the portion attributable to the City of the net profits earned on and after July 1~ 1967, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the city, whether or not such corporations have an office or place of business in the City. Section 2. That Section 128.1302 of the Administrative Code of the Codified Ordinances of the City of Lakewood, now reading as follcus: Section 128.1302 Collection at Source. "(a) In accordance with rules and reg~ulations prescribed by the AJ. ministrator, each employer w~thin cr ~.giD.~ business within the City~ shall ded'.~ct at the time of th~ payment of such salary, w~ges, co;~u~is~ion cr other compensation, the tax of one-..half c~f one ~er~ent per an~un~ of the gross salar- ies, wages, commissions or ot~er compensation due by such employer to such employee and shall, on or before the last