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?ow 1%W0 Section 3. Section 1501.0502 of the Codified Ordiaances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16, 1967, as amended bq Ordinance No. 68-105, passed June 18, 1968, is hereby amended to read as follows: "1501.0502 EFFECTIVE PERIOD. The tar, imposed by this Title shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation, and with respect to the net profits of businesses, earned on and after March 1, 1991." . Section 4, Sectioa 1501.1302 of the Codified Ordinances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, pasaed May 16, 1967, as amended by Ordinaace No. 71-161, passed December 21, 1971, is hereby amended to read as follows: "1501.1302 COLLfiCTION AT SOURCE. (a) Ia accordaace with the rulea and regulations prescribed by the Administrator, each employer within or doing business withia the City of North Olmsted shall deduct, at the time of paqment of such salaries, wages, commissions'or other compensation, the tax of tMO perceat per anaum of the gross salaries, wages, commissions or other compensation due by the employer to his emploqees and shall, on or before the last day of each moath, make a retura aad pay to the Administrator the amount of taxes so deducted-during the previous month; provided, however,.that if the aanount of the tax so deducted by any employer ia any one month is less than one huadred dollars ($100.00), the ? emploqer may defer the filing of a return and papment of the amouat deducted until the last day of the month ' following the end of the calendas quarter in which such month occurred. (b) Such returas shall be on a form or forcns prescribed bq or acceptable to the Administrator and shall be subject to the rules aad 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 ia collecting the tax shall be deemed to hold the same, uatil payment is made bq such employer to the City of North Olmsted, as trustee for the benefit of the Citq of North Olmsted, and any such tax collected by such employer from his emploqees shall be deemed a trust fuad in the hands of such emploqer, until the saune is paid to the City of North Olmsted. - 4 -