Village of Wintersville
Wage Tax Ordinance
Ordinance No. 1995-2

1. The portion of a new operating loss sustained in any taxable year subsequent to July 1, 1995, allocable to the Village of Wintersville may be applied against the portion of the profit of succeeding year (s) allocable to the Village of Wintersville, until exhausted but in no event for more than five (5) taxable years. No portion of a net operating loss shall be carried back against net profits of any prior year.

2. The portion of a net operating loss sustained shall be allocated to the Village of Wintersville in the same manner as provided herein for allocating net profits to the Village of Wintersville.

3. The Administrator shall provide by Rules and Regulations the manner in which such net operating loss carry-forward shall be determined.

(d) Consolidated Returns

1. Filing of consolidated returns may be permitted, required, or denied in accordance with Rules and Regulations prescribed by the Administrator.

2. In the case of a corporation that carries on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates, or some other methods, or in case any person operates a division, branch, factory, office, laboratory or activity within the Village of Wintersville constituting a portion only of its total business, the administrator shall require such additional information as he may deem necessary to ascertain whether net profits are properly allocated to the Village of Wintersville.

If the Administrator finds net profits are not properly allocated to the Village of Wintersville by reason of transactions with stockholders or with other corporations related by stock ownership interlocking directorates, or transactions with such divisions, branch, office, laboratory or activity or by some other method he shall make such allocation as he deems appropriate to produce a fair and proper allocation of net profits to the Village of Wintersville.

(e) Exception.

1. The tax provided for herein shall not be levied upon the military pay or allowance of members of the armed forces of the United States, or upon the net profits of any civic, charitable, religious, fraternal or other organization specified in Section 718.01 of the Ohio Revised Code to the extent that such net profit are exempted from municipal income taxes under said section, nor shall the tax be levied upon Workman's Compensation Benefits, Sick Pay, Social Security, Income Pensions and Interest on Savings.

SECTION 4. EFFECTIVE PERIOD;

Said tax shall be levied, collected and paid with respect to salaries, wages, commissions and other compensations, and with respect to the net profits of businesses, professions or other activities earned on and after July 1, 1995.