HomeMy WebLinkAbout1254
..
~
RESOLUTION NO. 1254.
RESOLUTION OF THE CITY OF ARCADIA RELATING TO THE
AD;.!INISTHHTION OF TIili CURHENT TAX PAYMENT ACT OF 1943.
THE CITY COUNCIL OF THE CITY OF ARCADIA DOES RESOLVE AS
FOLLOYlS:
SECTION 1. VmEREAS, the Current Tax Payment Act of 1943
provides for the collection of income taxes at the source by
employers; and
WHEREAS, municipal employees are subject to the tax and
municipalities are made withholdin8a~ents and required to withhold
such tax and to return and pay over the proceeds thereof to the
Federal Government; and
VffiEREAS, the withholding applies to all w~es paid on or
after July I, 1943, except wages paid during the calendar year 1943 with
respect to a payroll period beginning before July 1, 1943; and
rnmREAS, deductions, at the optIon of the employer, may be
computed on the wages paid at any payroll period, or upon the basis of
wa3e bracket withholding tables set forth in Section l622 (c) (l) of
the Act;
NO\"l, THEREFORE, BE IT RESOLVED AS FOLLOWS:
That, beginning with the first payroll period commencing
after July 1, 1943, and on every payroll thereafter, the City Treasurer
is hereby authorized and directed to deduct and withhold from the wa;es
or salary paid to each officer or employee of the city the amount
required by the Cw'rent Tax Payment Act of 1943, based on a tax
equal to the greater of the following: (1) 20 per centum of the
excess of each paynent of such wages over the family status with-
holding exemption allowable under subsection (b) (l) (A) of the Act,
or, (2) 3 per centum of the excess of each payment of such wages over
the Victory tax withholding exemption allowable under subsection (b)
( 1) (B) of the Ac t.
SECTION 2. The City Treasurer, at the time of making up
the payroll or immediately thereafter shall deposit the monies
deducted therefrom under the provisions of this Resolution, in a
separate bank accolmt in the Arcadia Branch of the Bank of America
.
National Trust and Savings Association, which account shall be
-l-
-
..
designated "CI'l'Y OF ARC~I~..rE9~L~AX~}9qqwr!'._E1~~~E9JL!~..)?J'll";nT.
OF THE CO:5IHSSIONER OF INTERNAL REVENUE." The monies acctunulated
,- ~.,..
"" ,~,-',~. ,<.:,,,. ~~~--_.:.. ~'-~-
- -:. ::..._..:....>---,-",
from such witbholdings shall be ~aid by the City of Arcadia to the
United States Collector of Internal Revenue, for the district in which
this city is located (or such depositari~s 'or financial agents as are
designated by regulations adopted. pursuant to the Current Tax Payment
Act of 1943) wi~hin ten (lO) days after the close of each calendar
month.
SECTION 3. On or before January 31 of each year subsequent
to 1943, or ~hen the last payment of ITagos is made, if employment is
terminated before the close of the calendar year, the City Clerk shall
furnish to each employee with respect to his employment during the
calendar year, a ~ritten statement Showing the wages paid to him for
the period covered and the amount of the tax withheld and paid in respect
to such wages. A duplicate of such statement shall be made and filed
in accordance with regulations prescribed by the Commissioner of
Internal Revenue. The aforesaid officer shall keep such records and
make such reports to the Commissioner of Internal Revenue of wages
paid and tne tax collected and paid with respect thereto as the
Commissioner may require and prescribe under the provisions of said
Act.
SECTION 4. The taxes to be withheld and collected under
this Resolution shall not apply to any taxable year commencin3 after
the date of cessation of hostilities in the present war and the account
established for the receiving of the tax funds hereunder shall be
closed with the last payment to the Federal Government of the funds
withheld.
SECTION 5. The City Clerk shall certify to the adoption
of this Resolution.
-2-
1/ -
..
- - .. ..
I hereby' certify that the foregoing Resolution was adopted
at a regular meeting of the City Council of the City of Arcadia, held
on the 6th day of:'ifuly, 1943, by the affirmative vote of at least three
Councilmen, to-wit:
AYES: Councilmen, Adcock, Jones, Leeper, and Ormsby
NOES: None
ABSENT: Coone ilman Nueent
~-~v
~. City Clerk.
Signed and approved this hth day of
Jnly
, 1943.
??J J./. ~t
ayor .
ATTEST:
/~ti~~
-3-