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<br />PLACED ON 1ST READING & REFERRED ~O THE FINANCE
<br />rOM>!ITTEE 7/6/04.
<br />
<br />ORDINANCE NO n~64J
<br />
<br />BY.
<br />
<br />AN ORDINANCE to amend Sections 128.0501 (a). 128.0502. and 128. 1102(a) relating
<br />to the Imposition ofIncome Tax-Rate And Income Taxable of the Codified Ordinances of the
<br />City of Lakewood to include lottery winnings, gambling and gaming winnings
<br />
<br />WHEREAS, this Council by a vote of at least five (5) members elected thereto
<br />detennines that this ordinance is an emergency measure, and that this ordinance shall take effect
<br />at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 13 of the SECOND
<br />AMENDED CHARTER OF TIlE CITY OF LAKEWOOD, and that it is necessary for the
<br />iinmediate preservation of the public property, health and safety, and to provide for the usual
<br />daily operation of municipal departments in that the City could potentially lose taxmoney if this
<br />ordinance does not go into effect immediately upon passage, Now therefore,
<br />
<br />BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OIDO
<br />
<br />Section 1 That Section 128,0501(a), Rate and Income Taxable, currently reading as
<br />follows·
<br />
<br />An annual tax for the purposes specified in Section 1280101 shall be imposed on and
<br />after January 1, 1981, at the rate of one and one-half percent (1-1/2%) per annum upon
<br />the following:
<br />
<br />(a) On all salaries, wages, commissions and other compensation earned on and after January
<br />1,1981, by residents of the City
<br />
<br />is hereby amended to read as follows:
<br />
<br />An annual tax for the plirposes specified in Section 128.0101 shall be imposed on and
<br />after January 1, 1981, at the rate of one and one-half percent (1-1/2%) per annum upon
<br />the following:
<br />
<br />(a) On all salaries, wages, commissions and other compensation including lottery winnings,
<br />gambling and gaming winnings, earned on and after January 1, 1981, by residents of the
<br />City
<br />
<br />Section 2. That Section 128,0502, Effective Period, currently reading as follows:
<br />
<br />Such tax shall be levied, collected and paid with respect to the salaries, wages,
<br />commissions and other compensation, and with respect to the net profits ofbusinesses,
<br />professions or other activities earned on and after January 1, 1981
<br />
<br />is hereby amended to read as follows:
<br />
<br />Such tax shall be levied, collected and paid with respect to the salaries, wages,
<br />commissions and other compensation, including lottery winnings, gambling and gaming
<br />winnings, and with respect to the net profits of businesses, professions or other activities
<br />earned on and after January 1, 1981,
<br />
<br />Section 3. That Section 128. 1102(a), Fonn and Content of Return, currently reading as
<br />fol1ows,~
<br />
<br />(a) The aggregate amounts of salaries, wages, commissions and other compensation
<br />earned and gross income from business, profession or other activity, less allowable
<br />expenses incurred in the acquisition of such gross income earned during the preceding
<br />year and subject to such tax;
<br />
<br />is hereby amended to read as follows:
<br />
<br />(a) The aggregate amounts of salaries, wages, commissions and other compensation
<br />earned and gross income from business, profession or other activity, including lottery
<br />winnings, gambling and gaming winnings, less allowable expenses incurred in the
<br />acquisition of such gross income earned during the preceding year and subject to such
<br />tax;
<br />
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