71-10 Amend Chpt 128, Municipal Income Tax

Home Browse Search

conducted by bona fide charitable, religious or educational organizations and associations. (f) Alimony received. (g) Personal earnings of any natural person under eighteen years of age. (h) Compensation for personal injuries or for damages to property by way of insurance or otherwise. This exclusion does not apply to compensation paid for lost salaries or wages or to compensation from punitive damages. (i) Compensation paid to a precinct election official, to the extent that such compensation does not exceed $1,000 annually. (j) Parsonage allowance, to the extent of the rental allowance or rental value of a house provided as a part of an ordained clergy's compensation. The clergy must be duly ordained, commissioned, or licensed by a religious body constituting a religious denomination, and must have authority to perform all sacraments of the religious body. (k) Interest, dividends and other revenue from intangible property. (I) Gains from involuntary conversion, cancellation of indebtedness, interest on federal- obligations, items of income already taxed by the State of Ohio from which the City is specifically prohibited from taxing, and income of a decedent's estate during the period of administration (except such income from the operation of a business). (m) Taxpayers are permitted to deduct expenses on federal Form 2106 in accordance with federal guidelines for Form 2106. Expenses reported on Form 2106 are subject to audit and approval by the Administrator. (n) Income, salaries, wages, commissions and other compensation and net profits, the taxation of which is prohibited by the United States Constitution or any act of Congress limiting the power of the states or their political subdivisions to impose net income taxes on income derived from interstate commerce. (o) Income, salaries, wages, commissions and other compensation and net profits, the taxation of which is prohibited by the Constitution of the State of Ohio or any act of the Ohio General Assembly limiting the power of the City to impose net income taxes. RETURNS 128.1101 WHEN RETURN REQUIRED TO BE MADE. (a) Each taxpayer shall, whether or not a municipal income tax is due thereon to Lakewood, make and file a return on or before April 15 of the year following the effective date of this chapter and on or before April 15 of each year thereafter. When the return is made for a fiscal year or other period different from the calendar year, the return shall be filed on or before the 15th day of the fourth month following the end of such fiscal year or period. (b) Any person who has no income taxable to Lakewood need not file an annual return, and shall be considered exempt. Any person who is exempt must file an exemption certificate each year and declare to the Administrator the nature of his