DEFEATED - NOT ENACTED

ORDINANCE NO. 02-08

AN ORDINANCE TO PROVIDE AN INCOME TAX CREDIT TO TAXPAYERS OF THE VILLAGE OF GRANVILLE FOR TAX YEAR 2008

WHEREAS, the Council of the Village of Granville has determined that it is appropriate to provide the taxpayers of the Village with an income tax credit for tax year 2008.
 
NOW THEREFORE, BE IT ORDAINED by the Council of Granville, Ohio, that:

Section 1.  Section 171.24 of the Codified Ordinances of the Village of Granville is hereby enacted to read as follows:

171.24 INCOME TAX CREDIT

(a)  Each taxpayer who is subject to the tax imposed by Section 171.03 of the Codified Ordinances shall be entitled to a credit against the total amount of tax that would otherwise be due and payable to the Village under such section.  The credit shall be equal to fifty percent (50%) of the tax otherwise due and payable under such section, except that no such credit shall exceed one hundred dollars ($100).  Any such credit shall not be refundable if the credit exceeds the total taxes paid. The credit provided for in this section shall apply to income taxes for tax year 2008 only.

(b)  The Tax Commissioner shall adopt and promulgate rules and regulations to implement the credit set forth in this section, along with the forms needed to obtain the credit.  No claim for tax credit under this section shall be allowed unless made on a tax return filed with the Tax Commissioner on or before the due date.

Section 2.  This Ordinance shall take effect upon the earliest date permitted by law. 

Defeated this 20th day of February, 2008.