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minfin 12-11-23
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minfin 12-11-23
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12/19/2023 2:30:39 PM
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12/19/2023 2:30:17 PM
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Office Of Council
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Finance
Date
12/11/2023
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Ability for taxpayers to prepare, file, and pay <br />INCOME TAX <br />current year tax return and/or quarterly estimated <br />COLLECTION <br />payments <br />HISTORY <br />Quarterly payments available since September <br />Change inIncome Income <br />2021 <br />YearCollections CollectionsTax RateTax Credit <br />Through Nov <br />2023$30,108,7261.50%0.50% <br />2023 <br />CITY OF <br />2022$31,257,53913.94%1.50%0.50% <br />Year# of E-paymentsTotal collections <br />2021$27,433,222 8.50%1.50%0.50% <br />20236,714 2,669,537$ as of Nov 2023 <br />LAKEWOOD <br />2020$25,285,735 -0.50%1.50%0.50% <br />20227,232 2,708,606$ <br />2019$25,407,039 6.39%1.50%0.50% <br />20216,789 2,573,504$ <br />E-FILE/E-PAY <br />2018$23,882,048 1.90%1.50%0.50% <br />20205,265 2,120,803$ <br />2017$23,436,422 -1.80%1.50%0.50% <br />20193,879 1,622,153$ <br />DATA <br />2016$23,866,023 7.45%1.50%0.50% <br /> 11,694,60329,879$ <br />2015$22,212,218 6.49%1.50%0.50% <br />2014$20,857,676 3.27%1.50%0.50% <br />2013$20,196,474 4.91%1.50%0.50% <br />ORDINANCE 2023-36 <br />HOUSE BILL 33 CHANGES <br />Finance Department <br />¤All minors exempt from tax: In ¤Communication to taxpayers <br />effect already for Lakewoodprohibited if a federal extension <br />Peter Rancatore, Finance Director (216)529-6092 <br />has been filed: Cannot follow up <br />peter.rancatore@lakewoodoh.net <br />¤Alternative apportionment for THANKS! <br />on taxpayers who havenÔt filed <br />businesses with remote workers: <br />Keith Schuster, Assistant Finance Director (216)529-6101 <br />until Extension deadline has <br />Businesses may elect to apportion <br />keith.schuster@lakewoodoh.net <br />passed <br />net profits to one location instead <br />Jessica Eddy, Assistant Finance Director (216)529-6095 <br />of filing with each remote ¤Maximum late filing penalties <br />jessica.eddy@lakewoodoh.net <br />employee locationreduced and waiver for first time <br />filers beginning with tax year <br />¤Net Profit Extension deadline <br />2023: Have office policy <br />th <br />extended one month: 15day of <br />regarding waiver of first-time <br />th <br />the 11month after the end of <br />filers and reducing maximum <br />the tax year <br />penalties in place already <br />12 <br />
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