10/09/1985 Meeting - Laserfiche WebLink

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. - 3.612 Dedication of Revenue. Revenue to the city derived from imposi- tion of the tax under this Act shall be applied to administration of this Act, to any obligations incurred by the city for airport expansion, to any obligations incurred by the city for library expansion or replacement, and to capital expenditures of the city, which shall include, but not be limited to, discrete capital improvements and public facilities, motorized vehicles, automated equipment, and continuous capital expenditures pursuant tO,the capital improvements program of the city,'as well as related costs of project administration. The revenue shall not be applied to operating expenses of the city. 3.614 Department to Administer Tax. The city may enter into any agree- ment authorized by state law with the department to administer and enforce the city personal income tax. The dep,artment may be authorized therein to exercise all supervisory and administrative powers with regard to the enforcement, collection and administration of the tax purs~ant to the contract, including but not limited to entering closing agreements, deter- mining and assessing deficiencies, waiving interest and penalties, imposing and releasing liens, and making refunds. 3.616 Income Tax Paid In Another City. Every individual taxpayer who resides in the ci1;.y, but"who receives taxable, income from sources outside the city, if it be made to appear he/she has paid an income tax on e said income in and to ~nother city, shall be allowed a credit against the tax imposed by this Act in the amount paid by him/her or in his/her behalf in the other city. This credit shall 'be applied only to the extent of the tax imposed by this Act by reason of the individual IS receipt of the income taxed in the other city. 3.618 Withholding of Tax Required. (1) Every employer within the city shall at the time of the pay- ment of wages to any employe who is also a taxpayer, deduct and retain from the total amount of the wages an amount determined, at the employer's elec- tion, either: (a) By a "percentage method" withholding table, or (b) By a "wage bracketll withholding table, prepared and furnished under the rules and regulations of the department. (2) Every employer who deducts and retains any amount under sec- tion 3.618(1) shall hold the same in trust for the city and for the payment thereof to the department in the manner and at the time provided in section 3.620. (3) The amounts deducted from the wages of an employe during any calendar year shall be considered to be in part payment of the city personal income tax on such employe's income for his/her taxable year which begins within such calendar year, and the return made by the employer pursuant to this Act shall be accepted by the department as evidence in favor of the employe of the amounts so deducted from his/her wages. 'e 3.620 Payment to Department by Employer. Ordinance - 5 .