The Village enacted a 1% income tax, which will be implemented on September 1, 2015.
The tax is paid by residents within the Village of Amanda as well as non-residents who work within the village limits. This also applies to businesses that have earned net profits from activities conducted in the municipality. Withholding responsibilities apply to employers with employees working in the municipality.
Revenues from income tax will be divided up between 3 funds.
Street Operating 20.50%
Street Maintenance Repair & Resurfacing Fund 52.50%
Earned Income includes items such as wages, salaries, tips, boonuses, rental income, net profits from a buisness or profession, and distributions from partnerships.
Examples of items that would be exempt from the income tax are interest, dividends, annuities, receipts from Socal security, pensions, military pay, unemplyment compensation, alimony, child support.
Responsibility of Administration: The Village of Amanda income tax will be administered through a collection agency RITA (Regional Income Tax Agency). They will be collecting the income tax, taking out their administrative fees and issuing the village the remaining funds. All collections will be handled through RITA.
Payment Dates: Are the same dates as federal and state returns. The village will reconcile tax liability with the amount remitted through withholding and quarterly estimated payments.
Rita can answer all your tax filing question at 1-800-860-7482 or 1-866-721-7482
Rita's has a website to better serve taxpayers, you can set up an account to file your municipal income tax online. Visit http://www.ritaohio.com