2023-143 Ordinance - Laserfiche WebLink

Home Browse Search

1501.23 Rental and leased property. 1501.24 Savings clause. 1501.25 Collection of tax after termination of ordinance. 1501.26 Adoption of RITA Rules and Regulations. 1501.99 Violations; penalties. CROSSREFERENCES Limitation on rate of taxation - see CHTR. Art. VIII, Sec. 8 Payroll deductions - see Ohio R.C. 9.42 Municipal income taxes - see Ohio R.C. Ch. 718 1501.01 AUTHORITY TO LEVY TAX; PURPOSE OF TAX (A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements, the City of North Olmsted (the City) hereby levies an annual municipal income tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided. This Ordinance is to have prospective application only. Salaries, wages, commissions and other compensation, together with net profits, or any other income subject to the North Olmsted municipal income tax and earned in and prior to the year 2015 shall be governed by Chapter 15, Title One of the Codified Ordinances, titled "Taxation Code; Municipal Income Tax" as it existed immediately prior to the effective date of this Chapter." There shall be and is hereby levied a tax on salaries, wages, commissions and other compensation, and on net profits as hereinafter provided, to provide funds for the City of North Olmsted to be allocated for use as follows: (a) Fifteen percent (15%) to pay costs of services and facilities for solid waste management, recycling and disposal; (b) Fifteen percent (15%) to pay costs of any permanent improvements for the City including permanent improvements to the City's street and storm water drainage systems, the payment of debt charges on bonds and notes issued after 1990 for those purposes, and costs of maintaining the City's street and storm water drainage systems and related equipment; and (c) The balance to pay costs of general municipal functions of the City (B) (1) The annual taxis levied ata rate of 2% (two percent). The taxis levied at a uniform rate on all persons residing in or earning or receiving income in North Olmsted. The tax is levied on income, qualifying wages, commissions and other compensation, and