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1 <br />? - 3 - ? <br />(e) On the portion attributable to the City of North <br />Olmsted of the net profits earned on and after <br />January 1, 1991, by all corporations, derived <br />from sales made, work done, services performed or <br />rendered and business or other activities con- <br />ducted in the City of North Olmsted, whether or <br />not such corporations have an office or place of <br />business in the City of North Olmsted." <br />Section 3. Section 1501.0502 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. 68-105, passed June 18, 1968, is hereby <br />amended to read as follows: <br />. <br />"1501.0502 EFFECTIVE PERIOD. <br />The tax imposed by this Title shall be levied, <br />collected and paid with respect to the salaries, wages, <br />commissions and other compensation, and with respect to the <br />net profits of businesses, earned on and after January 1, <br />1991." <br />Section 4. Section 1501.1302 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 />"1501.1302 COLLECTION AT SOURCE. <br />(a) In accordance with the rules and regulations <br />prescribed by the Administrator, each employer within or <br />doing business within the City of North Olmsted shall <br />deduct, at the time of payment of such salaries, wages, <br />commissions or other compensation, the tax of two percent <br />per annum of the gross salaries, wages, commissions or <br />other compensation due by the employer to his employees and <br />shall, on or before the last day of each month, make a <br />return and pay to the Administrator the amount of taxes so <br />deducted during the previous month; provided, however, that <br />if the amount of the tax so deducted by anq emploqer in any <br />one month is less than one hundred dollars ($100.00), the <br />employer may defer the filing of a return and payment of <br />the amount deducted until the last day of the month <br />following the end of the calendar quarter in which such <br />month occurred. <br />(b) Such returns shall be on a form or forms <br />prescribed by or acceptable to the Administrator and shall <br />be sub,ject to the rules and regulations prescribed therefor <br />by the Administrator. Such employer shall be liable for <br />the payment of the tax required to be deducted and withheld <br />whether or not such taxes have, in fact, been withheld.