90-077 Ordinance - Laserfiche WebLink

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A"k- - 4 - ? (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 residence, even though such residence is in the Citq of North Olmsted, but such employee shall be subject to all of the requirements of this Title." 4 Section 5. Section 1501.1901 of the Codified Ordinances of the City of North Olmsted, Ohio, as established by Ordinance No. 67-70, passed May 16, 1967, as amended by Ordinance No. 82-94, passed December 21, 1982, is hereby amended to read as follows: "1501.1901 TAX CREDIT. (a) When the taxable income of a resident of the City of North Olmsted is subject to a municipal income tax in another municipality on the same income taxable under this Title, such resident shall be allowed, as a credit against the tax imposed by this Title, a portion of the amount of income tax paid on such taxable income to such other municipality equal to seventy-five percent (75X) of the product obtained by multiplying (i) the taxable income earned in or attributable to such other municipality, by (ii) the tax rate of such other municipality or, if that tax rate exceeds two percent (2X), by two percent (2X). For the purposes of this section, taxable income includes the distributive share of net profits of a resident partner or owner of an unincorporated business entity. (b) A claim for credit or refund under this section shall be made in such manner as the Administrator maq by regulation provide. In the event such City of North Olmsted 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 6. 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: