76-04 Amend 128.1302 Collection at Source

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PLACED ON 1 ST READING & REFERRED TO THE FINANCE COMMITTEE 7/6/04. ORDINANCE NO. 76-04 BY: Corrigan~ Demro.Dever. Dunn. FitzGerald. Madigan. Seelie. AN ORDINANCE to amend section 128 1302, Collection at Source, of the Codified Ordinances of the City of Lakewood for the purpose of amending the due date of which an employer is required to make a return and pay to the Administrator the amOlmt of taxes so deducted during the previous month, WHEREAS, the current Lakewood Codified Ordinance 128.1302 was enacted:in 1967 and technology has advanced in such a way as to anow employers to submit deductions in a more expedite manner WHEREAS, ten (10) other Regional Income Tax Agency conununities already require employer deductions to be submitted on the twentieth day of the following month BE IT ORDAINED BY THE CITY OF LAKEWOOD, STATE OF OIDO: Section 1 That Section 128.1302, Collection at Source, of the Cödified Ordinances of the City of Lakewood, currently reading as follows: 128.1302 COLLECTION AT SOURCE In accordance with rules and regulation prescribed by the Administrator, each employer within or doing business within the City shall deduct, at the time of the payment of such salary, wages, commission or other compensation, the tax of one and one-half percent (1-112%) per annum of the gross salaries, wages, commissions or other compensation due by the employer to each employee, and shal1, on or before the last day of each month, make a return and pay to the Administrator the amount of taxes so deducted during the previous month, However, if the amount of the tax so deducted by an employer in any ODe month is less than one hundred dollars ($100.00), the employer may defer the filing of a return and payment of the amount deducted until the last day of the month [oHawing the end of the calendar quarter in which such month occurred, shall be and is hereby amended to read as follows: 128.1302 COLLECTION AT SOURCE In accordance with rules and regulation prescribed by the Administrator, each employer within or doing business within the City shall deduct, at the time of the payment of such salary, wages, commission or other compensation, the tax of one and one-half percent (1-1/2%) per annum of the gross salaries, wages, commissions or other compensation due by the employer to each employee, and shall, on or before the twentieth day of each month, make a return and pay to the Administrator the amount of taxes so deducted during the previous month, However, if the amount of the tax so deducted by an employer in anyone month is less than one hundred dollars ($100.00), the employer may defer the filing of a return and payment ofthe amount deducted until the twentieth day of the month following the end of the calendar quarter in which- such month occurred. Section 2. It is found and determined that all fonnal actions of the Council concerning and relating to the passage of this ordinance were adopted in an open meeting of this Council, and that all such deliberations of this Council and of any of its committees that resulted in such formal action were in meetings open to the public in compliance with all legal requirements. Adopted J'f.¡ If, 200 '( R~L pres. ident ~_ 1u~7. Clerk Approved a.~ () ?->, ;r.", '1 , ~~?~V Mayor /