31-15 Municipal Income Tax - Laserfiche WebLink

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The tax provided for herein shall not be levied on the following: (a) Pay or allowance of active members of the arnned forces of the United States and of members of their reserve components, including the National Guard. (b) The income of religious, fraternal, charitable, scientific, literary or educa- tional institutions to the extent that such income is derived fiom tax - exempt real estate, tax - exempt tangible or intangible property or tax- exempt activities. (c) Poor relief, unemployment insurance benefits, old age pensions or similar payments including disability benefits received from local, state or federal gov- ernments or charitable, religious or educational organizations. (d) Proceeds of insurance paid by the death of the insured; payments from pen- sions, disability benefits, annuities or gratuities not in the nature of compensa- tion for services rendered from whatever source derived. (e) Receipts by bona fide charitable, religious and educational organizations and associations, when those receipts are from seasonal or casual entertainment, amusements, sports events and health and welfare activities when any such are conducted by bona fide charitable, religious or educational organizations and as- sociations. (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 in- surance 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 one thousand dollars ($1,000) annually. 0) 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 denomi- nation, and must have authority to perform all sacraments of the religious body. (k) Interest, dividends and other revenue fiom intangible property. (1) 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 dece- dent's estate during the period of administration (except such income from the operation of a business). (in) Taxpayers are permitted to deduct expenses on federal Form 2106 in ac- cordance 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 prof- its, 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 fronn interstate commerce. (o) Income, salaries, wages, commissions and other compensation and net prof- its, 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. (Ord. 71 -10. Passed 11 -1- 10.) 17YIlUt��[.9 128.1101 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 cal- endar 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 amoral return, and shall be considered exempt. Any person who has is exempt income 0