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Office of the Mayor
Title
Amending Chapter 1905 of the Toledo Municipal Code by enacting a new Section 1905.011 to provide, among other matters, for the levying of an additional one-quarter percent (1/4%) municipal income tax for a period commencing January 1, 2021 and ending December 31, 2024 to provide funds to pay costs of improving the City's system of roads, streets and bridges and to provide for all of the proceeds of that tax to be credited to a separate Road Improvements Fund created herein and dedicated and applied solely for that purpose after provision for the costs of collection, administration and enforcement of the tax.
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SUMMARY & BACKGROUND:
At the general election held on November 3, 2020, the electors of the City of Toledo voted to approve this Ordinance levying a new 1/4% income tax for the purpose of improving the City's system of roads, streets and bridges.
Summary
NOW, THERERFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That Chapter 1905 of the Toledo Municipal Code be and is hereby amended by enacting a new Section 1905.011 of the Toledo Municipal Code to read as follows:
"1905.011 Declaration of Purpose and Levying of an Additional Tax for Improvements to the City's System of Roads, Streets and Bridges and for the Imposition, Crediting, Allocation and Use of the Proceeds of that Tax.
(A) In addition to the income taxes levied pursuant to Section 1905.01, for a period commencing January 1, 2021 and ending December 31, 2024, there shall be and is hereby levied an annual tax at the uniform rate of one-quarter percent (1/4%) per year on the income of every person residing in or earning or receiving income in the Municipality in order to provide funds necessary to pay costs of improving the City's system of roads, streets and bridges, including related debt charges.
(B) That tax shall be imposed on the municipal taxable income of every person who resides in or who earns or recei...
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