Item 4: Ordinance on City Income Tax for Schools

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ATTACHMENT A ORDINANCE NO. _____ AN ORDINANCE CONCERNING A FOUR-YEAR INCOME TAX FOR SCHOOLSADDING SECTIONS 2.2000 TO 2.2038 TO THE EUGENE ; CODE, 1971; AND PROVIDING A SUNSET DATE. THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: Section 1. The following heading and Sections 2.2000 to 2.2038 are added to the Eugene Code, 1971, to provide as follows: Temporary School Funding Personal Income Tax 2.2000 Purpose. The provisions contained in sections 2.2000 to 2.2038 of this code are for purposes of administering the city of Eugene’s temporary school funding personal income tax, hereinafter referred to as the income tax. 2.2002 Effective Date. The income tax shall be in effect for taxable years during years 2011, 2012, 2013 and 2014. For calendar year taxpayers, this is taxable years beginning January 1, 2011 through taxable year ending December 31, 2014. 2.2004 Definitions. For the purpose of sections 2.2000 through 2.2038 of this code, the following words and phrases shall be defined as provided in this section, unless the context requires otherwise. City manager . The city manager or the manager’s designee. Eugene adjusted income. Oregon taxable income less any income that state or federal law prohibits a city from taxing. Under state law in effect at the time of adoption of this income tax code, this includes the income exemption required by ORS 238.445 for Oregon PERS benefits and any portion of pension benefits received by federal retirees that cannot be taxed by local government. Eugene taxable income. Eugene adjusted income after any proration for residency outside of the city as provided in section 2.2014 of this code. Filingdate . The postmark date affixed by the United States postal service if mailed or the date stamp if delivered by hand or sent by facsimile. Ordinance - Page 1 of 8 {00002492;7 }