31-15 Municipal Income Tax - Laserfiche WebLink

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shall be and hereby is repealed only with respect to municipal income tax liability created on or after January 1, 2016. Section 2. New Chapter 128, Municipal Income Tax, shall be enacted to read as follows: CHAPTER 128 Municipal Income Tax 128.01 AUTHORITY TO LEVY TAX; PURPOSES OF TAX; RATE 128.011 AUTHORITY TO LEVY TAX (a) The tax on income and the withholding tax established by this Chapter 128 of the codified ordinances of the City of Lakewood are authorized by Article XVllt, Section 3 of the Ohio Constitution. The tax on income and the withhold- ing tax established by this Chapter are deemed to be levied in accordance with, and to be consistent with, the provisions and limitations of Chapter 718 of the Ohio Revised Code. This Chapter is deemed to incorporate the provisions of Chapter 718 of the Ohio Revised Code. To the extent any provision of this Chapter conflicts with Chapter 718 of the Ohio Revised Code, said Chapter 718's provisions shall prevail. (b) The tax is an animal tax levied on the income of every person residing in or earning or receiving income in the City of Lakewood, and shall be measured by municipal taxable income. The Municipality shall tax intone at a uniform rate. The tax is levied on Municipal Taxable Income, as defined herein. (ORC 718.04) 128.012 PURPOSES OF TAX; RATE (a) To provide funds for the purposes of general municipal operations, mainte- nance, new equipment and capital improvements of the City there is hereby lev- ied a tax or salaries, wages, commissions, net profits, lottery, gambling, sports winnings, income from games of chance and other compensation as hereinafter provided. (b) An annual tax for the purposes specified in Chapter °v,vv128.012 a shall be and is hereby imposed- as previouslxcommencing on January 1, 1981, and continuing thereafter at the rate of one and one -half percent (I- 1/2%) per annum on all taxable income. (ORC 718.04) 128.013 ALLOCATION OF FUNDS The funds collected under the provisions of this chapter shall be disbursed in the following manner: (a) First, such part thereof as shall be necessary to defray all expenses of col- lecting the tax and of administering and enforcing the provisions of this chapter shall be paid. (b) The balance remaining after payment of the expenses referred to in subsec- tion (a) hereof shall be deposited in the General Fund for municipal purposes. 128.014 STATEMENT OF PROCEDURAL HISTORY; STATE MAN- DATED CHANGES TO MUNICIPAL INCOME TAX 22