1971 050 Ordinance - Laserfiche WebLink

Home Browse Search

ORDINANCE N0. 71- 50 Page 6. Section .1902 TAX CREDIT (1) When the taxable income of a resident of Village of Mayfield is sub3ect to a municipal income tax in another municipality on the same income taxable under this Title, such resident shall be allowed a credit of the amount of income tax paid on such taxable income to such other municipality, equal to0ne HundredPercent (100%) of the amount obtained by multiplying the lower of the tax rate of ' such other municipality or of Village of Mayfield by the taxable income earned in or attributable to the municipality of employment or business activity. For the purposes of this section taxable income shall include the distributive share of net profits of a resident partner or owner of an unincorporated business entity. (2) A claim for credit or refund under this section shall be made in such manner as the Administrator may by Regulation provide. In the event such Village of Mayfield,resident fails; neglects, or refuses to file an annual return or declaration on the form prescribed by the Administrator, he shall not be entitled to such credit or refund and shall be considered in violation of this Title for failure to file a return. Section .2311 AUTHORITY TO CONTRACT FOR CENTRAL COLLECTION FACILITIES The Village of Mayfield having already entered into an agreement for the establishment of a Regional Council of Governments pursuant to Ordinance Number 71-31, which Council has organized a municipal tax collection agency known as "Regional Income Tax Agency," the Board of Trustees of said Regional Income Tax Agency is authorized to adminis- ter and enforce the provisions of this Title as the agent of the Village of Mayfield, and the duties and authority of the Administrator hereunder may be performed by the Board of Trustees of said agency through the Administrator of said agency. Provided, however, the Administrator of said agency shall have no authority to abate penalties or interest provided for in Section .1501 and Section .1502 hereunder." Section 2. Sections 111.1901 and 111.1903 of Ordinance No. 1021 are hereby repealed as of January 1, 1972. Section 3. Existing Sections 111.0501, 111.0704, 111.1101, 111.1301, 111.1302, 111.1303, 111.1305, 111.1306, 111.1307, 1ll.1501, 111.1502, 111.1504, 111.1902 and 111.2311 are hereby repealed as of January 1, 1972; provided, how- ever, that the repeal of said Sections shall not affect or release any obligation or liability to pay, declare or withhold taxes or file returns by virtue of provisions of Ordinance No. 1021 enacted and in effect prior to January 1, 1972.