87-079 Ordinance - Laserfiche WebLink

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"1501.1302 COLLECTION AT SOURCE. (a) In accordance with the rules and regulations prescribed by the Administrator, each employer within or doing business within the City of North Olmsted shall deduct, at the time of payment of such salaries, wages, commissions or other compensation, the tax of one and one- half percent per annum of the gross salaries, wages, commissions or other compensation due by the employer to his employees and shall, 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; provided, however, that if the amount of the tax so deducted by any employer in any one 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 following the end of the calendar quarter in which such month occurred. (b) Such returns shall be on a form or forms pre- scribed by or acceptable to the Administrator and shall be subject to the rules and regulations prescribed therefor by the Administrator. Such employer shall be liable for the payment of the tax required to be deducted and withheld whether or not such taxes have, in fact, been withheld. (c) Such employer in collecting the tax shall be deemed to hold the same, until payment is made by such employer to the City of North Olmsted, as trustee for the benefit of the City of North Olmsted, and any such tax collected by such employer from his employees shall be deemed a trust fund in the hands of such employer, until the same is paid to the City of North Olmsted. (d) No person shall be required to withhold the tax on wages or other compensation paid domestic servants employed by him exclusively in or about such person's resi- dence, even though such residence is in the City of North Olmsted, but such employee shall be subject to all of the requirements of this Title." Section 5. Section 1501.2101 of the Codified Ordinances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16, 1967, is hereby amended to read as follows: "1501.2101 DISBURSEMENT OF FUNDS COLLECTED. The funds collected under the provisions of this Title shall be disbursed in the following manner: (a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of adminis- tering and enforcing the provisions of this Title shall be paid; and (b) The balance remaining after payment of the expenses referred to in subsection (a) hereof shall be disbursed as follows: (i) Fifteen percent shall be deposited in a special fund and used to pay costs of storm drainage system and street system rehabilitation, reconstruction and improvements and principal of and - 3 -