HomeMy WebLinkAboutRES NO 13-42HESOLUTION NO. ~3-42
VfiiEREAS, the Revenue Act of 1942 imposes a levy of 5~ on the
gross income, defined as the victory tax net income, of every indi-
vidual, which is required to be collected at the source by employers;
WHEREAS, municipal employees are subject to the tax and munici-
palities' are made withholding agents and required to withhold such
tax and to return and pay over the proceeds thereof to the Federal
Government;
WHEREAS, the tax attaches to all wages paid as income after
January l, 1943, regardless of when they are earned; and
PfitEREAS, deductions, at the option of the employer, may be com-
puted on the amount actually paid at any payroll period or upon the
basis of wage bracket withholdings set forth in the Act Section 466
(C) (1) for any payroll period.
NOW, THEREFOE, BE IT RESOLVED BY TP~ COUNCIL OF THE CITY OF
BAICERSFIELD~ as follows:
That, beginning with the first payroll after January l, 1943,
the City Auditor is hereby authorized and directed to deduct and
withhold from the wages or salary paid to each officer or employee
of the city the Victory Tax in such an amount as is required by the
Revenue Act of 1942 based on the wage bracket withholding authorized
under Section 466 (c) (1) of the Act on every payroll.
The City Auditor, at the time of making up the payroll or im-
mediately thereafter, shall transfer the monies deducted therefrom
under the provisions of this resolution to the City Treasurer for
deposit in a fund to be known and designated as the Victory Tax Fund,
held for the benefit of the Collector of Internal Revenue· The monies
accumulated from such withholdings during each quarter of the calendar
year shall be paid by the City Treasurer to the United States Collector
of internal Revenue for the District in which this City is located on
or before the last day of the month following the close of any such
quarter,
0n or before January 31 o£ each year subsequent to 1943, or
when the last payment of wages is made, if employment is terminated
before the close of the calendar year, the Auditor shall furnish to
each employee with respect to his employment during the calendar
year, a written statement showing the wages for the period covered
and the amount of the tax withheld and paid in respect to such wages°
A copy of this statement for every employee shall be included with
the final return for the calendar year to the Collector of Internal
Revenue. The aforesaid officer shall keep such records and make such
reports to the Bureau of Internal Revenue of wages paid and the tax
collected and paid with respect thereto as that Bureau may require
and prescribe.
The taxes to be withheld and collected under this resolution
shall not apply to any taxable year Commencing 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.
The operation of this resolution shall terminate at that time or
sooner if the victory tax is terminated by Federal action prior to
that time.
............ o0o ............
I HEREBY CERTIFY that the foregoing Resolution was passed and
adopted by the Council of the City of Bakersfield, at a regular
meeting thereof held on the 28th day of December, 1942, by the
following votes:
~ES: CLEMENTS, MARMADU~E, NORRIS, SIEMON, SMITH, VANDERLEI, VERCAMMEN
NOES: _~ ..................................................
ABSE~T:~ ......... , ......................................
City Ci~ '~icio Clerk'of ~he
Council of the City of Bakersfield.
APPROVED by m ' day of December, 1942.
f the City of Bakersfield.