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ON FIRST READING JUNE 16, 1980 AND ON
<br />SECOND READING, AS AMENDED, ON JULY 7,
<br />1980. SUBSTITUTE ORDINANCE REFLECTS SAID
<br />AMENDMENT.
<br />
<br />ORDINANCE NO. 43-80 BY:
<br />
<br />Brown, Chinnock, Gallagher,
<br />Graham, McBride, Salmon,
<br />Wendling
<br />
<br /> AN EMERGENCY ORDINANCE to amend Sections 128.0501, 128.1302, 128.0502
<br />and 128.1902 of Chapter 128 of the Administrative Code of the Codified Ordinances
<br />of the City of Lakewood to increase the rate of municipal income tax from 1% to
<br />1.5% per annum, effective January 1, 1981, for the purpose of providing funds
<br />for general municipal services.
<br />
<br /> WIIEREAS, the financial situation of the City of Lakewood warrants the
<br />enactment by the voters of additional municipal income tax so that the City may
<br />be able to meet its increasing operations and continue to provide proper services
<br />to citizens, and
<br />
<br /> WHEREAS, this ordinance constitutes~ an emergency measure providing for
<br />the usual daily operation of a municipal department and for the further reason
<br />for the immediate preservation of the public peace, property, health, safety and
<br />~elfareof the City and for the further reason that the immediate effectiveness
<br />of this ordinance is necessary to provide funds in orde~ to adequately carry out
<br />necessary municipal functions, to meet increasing operating costs, to prevent the
<br />City from incurring a deficit, to prevent the credit rating of th6 ~ity from
<br />being impaired and to permit the City to meet other financial obligations; now,
<br />therefore,
<br />
<br />BE IT ORDAINED BY THE COUNCIL OF THE CITY OF LAKEWOOD, STATE OF OHIO:
<br />
<br /> Section 1. That subject to the approval of the electors of the City of
<br />Lakewood as provided in Section 718.01 of the Ohio Revised Code, Section 128.0501
<br />of Chapter 128 of the Administrative Code of the Codified Ordinances now reading
<br />as follows:
<br />
<br />128.0501 P~ATE AND INCOME TAXABLE.
<br />
<br /> An annual tax for the
<br />imposed on and after January 1,
<br />the following:
<br />
<br />purposes specified in Section 128,0101 shall be
<br />1972, at the rate of one percent per annum upon
<br />
<br /> (a) on all salaries, wages, con~lissions and other compensation-e~rned
<br />on and after January 1, 1972, by residents of the City.
<br />
<br /> (b) On all salaries, wages, comnissions and other compensation earned
<br />on and after January 1, I972, by nonresidents of the City for work done or services
<br />performed or rendered within the City.
<br />
<br /> {c) (1) On the portion attributable to the City on the net profits
<br />earned on and after January 1, 1972, of all resident unincorporated business
<br />entities or professions or other activities, derived from sales made, work done,
<br />services performed or renoered and business or other activities conducted in the
<br />City.
<br />
<br /> (2) On the portion of the distributive share of the net~profits
<br />earned on and after January 1, 1972, of a resident partner or owner of a
<br />resident unincorporated t~s~ness entity~not attributable to the C~y and
<br />not levied against such unincorporated business entity by the City.
<br />
<br /> (d) (1) On the portion attributable to the City of the net profits
<br />earned on or after January 1, 1972, of all nonresident unincorporated
<br />business entities, professions or other activities, derived from sales
<br />made, work done, services performed or rendered and business and other
<br />activities conducted in the City, whether or not such unincorporated
<br />business entity has an office or place of business in the City.
<br />
<br /> (2) On the portion of thedistributive share of the net profits
<br />earned on or after January 1, 1972, of a resident partner or owner of a
<br />nonresident unincorporated business entity not attributable to the City and
<br />not levied against Such unincorporated entity by the City.
<br />
<br />
<br />
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