36-2023 - Amend Tax Code re: HB 33

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DocuSign Envelope ID: D733A3F0-EC57-49D6-A4C4-7A15E4E44C25 A. For the purpose of Section 128.062(a)(1), the average original cost of any tangible personal property used by a qualifying remote employee or owner at that individual's qualifying remote work location shall be sitused to that individual's qualifying reporting location. B. For the purpose of Section 128.062(a)(2) any wages, salaries, and other compensation paid during the taxable period to a qualifying remote employee or owner for services performed at that individual's qualifying remote work location shall be sitused to that individual's qualifying reporting location. C. For the purpose of division Section 128.062(a)(3)and notwithstanding Section 1806.02(d), any gross receipts of the business or profession from services performed during the taxable period by a qualifying remote employee or owner for services performed at that individual's qualifying remote work location shall be sitused to that individual's qualifying reporting location. (4) Nothing in this division prevents a taxpayer from requesting, or the Tax Administrator from requiring, that the taxpayer use, with respect to all or a portion of the income of the taxpayer, an alternative apportionment method as described in Section 128.062 However, the Tax Administrator shall not require an alternative apportionment method in such a manner that it would require a taxpayer to file a net profit return with solely because a qualifying remote employee's or owner's qualifying remote work location is located in the Municipality. (5) Except as otherwise provided in this division, nothing in this division is intended to affect the withholding of taxes on qualifying wages pursuant to Chapter 128.04 and Sections 128.05 and 128.062. Section 12. That Section 128.083 Credit for Person Working in Joint Economic Development District or Zone, of the Lakewood Codified Ordinances, currently reading as follows: 128.083 CREDIT FOR PERSON WORKING IN JOINT ECONOMIC DEVELOPMENT DISTRICT OR ZONE. A Municipality shall grant a credit against its tax on income to a resident of the Municipality who works in a joint economic development zone created under section 715.691 or a joint economic development district created under section 715.70, 715.71, or 715.72 of the Ohio Revised Code to the same extent that it grants a credit against its tax on income to its residents who are employed in another municipal corporation, pursuant to Section 128.08 of this Chapter. is hereby repealed. Section 13. That new Section 128.083 Credit for Person Working in Joint Economic Development District or Zone, of the Lakewood Codified Ordinances, is hereby enacted to read as follows: 128.083 CREDIT FOR PERSON WORKING IN JOINT ECONOMIC DEVELOPMENT DISTRICT OR ZONE. In the case of a tax administered, collected, and enforced by the Municipality pursuant to an agreement with the directors of a joint economic development district under section 715.72 of the ORC, the net profits of a business, and the income of the employees of that business, are Jen exempted from tax under division of division (Q) of section 715.72.