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<br />CITY OF NORTH OLMSTED
<br />ORDINANCE N0. 87-(p
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<br />AN ORDINANCE TO AMEND SECTIONS 1501.0101,
<br />1501.0501, 1501.0502, 1501.1302 AND 1501.2101 OF
<br />THE CODIFIED ORDINANCES OF THE CITY OF NORTH
<br />OLMSTED, OHIO, IN ORDER TO INCREASE THE MUNICIPAL
<br />INCOME TAX RATE FROM ONE PERCENT TO ONE AND
<br />THREE-FOURTHS PERCENT, AND DECLARING AN EMERGEN-
<br />CY.
<br />BE IT ORDAINED by the Council of the City of North Olmsted, Cuyahoga
<br />County, Ohio, that:
<br />Section 1. Section 1501.0101 of the Codified Ordinances of the City
<br />of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16,
<br />1967, is hereby amended to read as follows:
<br />"1501.0101 PURPOSE OF LEVY OF INCOME TAX.
<br />To provide funds for the purpose of general municipal
<br />functions, maintenance, new equipment, extension, enlarge-
<br />ment and improvement of municipal services and facilities
<br />and capital improvements of the City of North Olmsted,
<br />including the payment of debt service charges on notes and
<br />bonds issued for such purposes, there shall be and is here-
<br />by levied a tax on salaries, wages, commissions and other
<br />compensation, and on net profits as hereinafter provided."
<br />Section 2. Section 1501.0501 of the Codified Ordinances of the City
<br />of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16,
<br />1967, as amended by Ordinance No. 71-161, passed December 21, 1971, is hereby
<br />amended to read as follows:
<br />"1501.0501 RATE AND INCOME TAXABLE.
<br />An annual tax for the purposes specified in Section
<br />1501.0101 shall be imposed, on and after January 1, 1988,
<br />at the rate of one and three-fourths percent per annum upon
<br />the following:
<br />(a) On all salaries, wages, commissions and other
<br />compensation earned on and after January 1, 1988,
<br />by residents of the City of North Olmsted.
<br />(b) On all salaries, wages, commissions and other
<br />compensation earned on and after January 1, 1988,
<br />by nonresidents of the City of North Olmsted for
<br />work done or services performed or rendered with-
<br />in the City of North Olmsted.
<br />(c) (1) On the portion attributable to the City of
<br />North Olmsted of the net profits earned on and
<br />of ter January 1, 1988, by all resident unincor-
<br />porated businesses, derived from sales made,
<br />work done, services performed or rendered and
<br />business or other activities conducted in the
<br />City of North Olmsted.
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