43-80 Amend chpt 128 - Admin - increase muni income tax

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-2~ r (e) On the portion attributable to the City of the net profits earned on and after January ], 1972, 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. (Ord. 73-71. Passed 12-20-71) be and the same is hereby amended to read as follows: Section 128.0501 RATE AND INCOME TAXABLE An annual tax for the purposes specified in Section 128.0101 shall be imposed on and after January 1, 1981, at the rate of one and one-half (1½) percent per annum upon the following: (a) On all salaries, wages, con~nissions and other compensation earned on and after January 1, 1981, by residents of the City. (b) On all salaries, wages, commissions and other compensation earned on and after January 1, 1981, by nonresidents of the Cityfor 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 January 1, 1981, 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 con- ducted in the City. (2) On the portion of the distributive share of the net profits earned on and after January 1, 1981, 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 by the City. (d) (1) On the portion attributable to the City of the net profits earned on or after January 1, 1981, of all nonresident unincorporated business entities, professions or other activities, derived from 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 offi. Ce or place of business in the City. (2) On the portion of the attributable share of the net profits earned on or after January 1, 1981, 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 by the City. (e) On the portion attributable to the City of the net profits earned on and after January 1, 1981, 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 subject to the approval of the electors of the City of Lakewood as provided in Section 718,01 of the Ohio Revised Code, Section 128.1302 of Chapter 128 of the Administrative Code of the Codified Ordinances now reading as follows: 128.1302 COLLECTION AT SOURCE (a) In accordance with rules and regulations prescribed by the Administrator, each employer within or doing business within the City shall deduct at the time of the payment of such salary, wages, commission or other compensation, the tax of one percent per annum of the gross salaries, wages, commissions or other compensation due by the employer to each employee, and shall, on or before the last day of each month, make a return and pay to the Administrator the amount of taxes so deducted during the previous month. However, if the amount of the tax so deducted by an employer in any one month is less than one hundred dollars (S100.00), the employer may defer the filing of a return and payment of the amount deducted until the last day of the month following the end of the calendar quarter in which such month occurred.