HomeMy WebLinkAboutOrdinance - 689-1942 - Collection Of Victory Tax From Wages And Salaries Paid City Employees. - 01/14/1942,.
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ORDINANCE NO. _6_8_9 __ _
AN ORDINANCE · PROVIDING FOR THE COLLECTION OF
VICTORY TAX FROM WAGES AND SALARIES PAID CITY EMPLOYEES AS PRO-
VIDED BY THE HEVENUE ACT PASSED BY THE NATIONAL CONGRESS IN 1942;
PROVIDING FOR OPENING A SPECIAL ACCOUNT DESIGI~ATED AS " VICTORY
TAX ACCOUNT HELD FOR THE BENEFIT OF THE COLLECTOR OF INTERNAL
REVENUEtt PROVIDING FOR THE PAYMENT OF SAME TO THE COLLECTOR OF
INTERNAL REVENUE AND REPEALING ALL ORDINANCES AND PARTS OF
ORDINANCES IN CONFLICT WITH THIS ORDINANCE AND DECLARING AN
EMERGENCY.
WHEREAS, the Revenue Act of 1942 imposes a levy
of 5% on all salaries and wages of each individual which tax is
designated as a "Victozcy Taxtt and is required by law to be
collected at its source by the employer; and,
WHEREAS, city employees are subject · to the tax
and cities are required to withhold such tax and to render and
pay over the proceeds thereof to the Federal Government; and
WHEREAS, the tax attaches to all salaries and
wages paid to city employees on or after January 1st, 1943,
regardless of when they were earned; and,
WHEREAS, deductions at the offices of the
employer, may be computed on the amount actually paid as salaries
and wages at any payroll period or upon a basis of wage bracket
withholding as set forth in Section 466 (c) (1) of the act
for any payroll period.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY
CO~ll~ISSION OF THE CIT~ OF LUBBOCK:
SECTION 1: That beginning with the first payroll
on or after January 1st, 1943, the City of Lubbock is hereby
authorized and directed to deduct and withhold from the wages
and salaries paid to each officer and employee of the City of
Lubbock the Victory Tax in such amount as is required by the
Revenue Act of 1942, based on the wage bracket withholding
authorized under Section 466 (c) (1) of that act, or 5% of the
amount thereof less the allowed credit at the rate·of $624.00
per year on every payroll.
SECTION 2: The City of Lubbock at the time of
making up the payroll or immediately thereafter, shall transfer
the moneys deducted therefrom under the provisions of this
Ordinance to a separate account in the Citizens National Bank of
Lubbock, Texas, where it shall be deposited and designated as
11 Victory Tax Account, Held for the benefit of the Collector of
Internal Revenue". The moneys accumulated from such wlthheld
during each quarter of the calendar year, shall be paid by the
City of Lubbock to the United States Collector of Internal
Revenue for the District in which the City of Lubbock is located
on or before the f-irst day of the month followin g the close of
any such quarter.
SECTION 3: During the month of January, 1944,
and during each January th~reafter, or when the last payment of
wages is made, if employment is terminated before the close
of the calendar year, the City of Lubbock 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 tax withheld and paid in respect to
such wages or salary. A copy of this statement for each
employee shall be included with the final return for the
preceding calendar year to the Collector of Internal Revenue.
The City of Lubbock shall keep such records and make such
reports to the Bureau of Internal Revenue of wages and salaries
paid and taxes collected and paid with respect .thereto as the
bureau may require and prescribe.
SECTION 4: The tax to be withheld and collected
under this Ordinance 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
tax funds hereunder shall be closed with the last payment to
the Federal Government of the funds withheld. The operation of
this Ordinance shall terminate at that time or sooner if the
Victory Tax is terminated for any reason prior to that time.
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SECTION 5: The provisions of all Ordinances or
parts thereof now in effect relating to payroll procedure of
the City of Lubbock inconsistent herewith or with the prov~sions
of the Revenue Act of 1942 relating to the "Victory Tax" are to
that extent modified.
SECTION 6: This Ordinance is hereby declared to
be an emergency measure made necessary for the preservation
of the public peace and safety and to meet the requirements
National
of th~foevenue Act of 1942, and the provisions of the City
Charter requiring the reading of an ordinance at two separate
meetings before it takes effect are hereby waived and this
Ordinance shall take effect immediately and IT IS SO ORDERED.
PASSED AND APPROVED this the ~ day of January
A. D. 1943.
Mayor
ATTEST:
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City Secretary
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