EXPLANATION
This ordinance will establish the basis for the taxation of prizes, awards and winnings derived from gaming, wagering, sweepstakes and games of chance resulting from play, wagering or activities related to the winning of such income by residents and non-residents of the City. Under this new Ordinance all resident and non-resident individuals shall be subject to the tax on prizes, awards and winnings derived from activities within the City. Additionally, prizes, awards and winnings paid to residents of the City derived from activities outside of the City shall be subject to the tax.
TITLE
To amend various sections of Chapter 361 of the Columbus City Codes in order to address the withholding and payment of taxable income derived from a person’s winnings at a casino facility and from video lottery terminal prize awards, and the taxation of lottery winnings.
BODY
WHEREAS, there are facilities located within the city of Columbus that have now been authorized by the Ohio Casino Control Commission and the Ohio Lottery Commission to conduct casino gaming and video lottery terminal games, respectively; and
WHEREAS, Sections 5747.063 and 5747.064 of the Ohio Revised Code provide for the withholding of taxes from a person’s winnings at casino facilities and video lottery terminal prize awards, respectively; and
WHEREAS, Chapter 361 of the Columbus City Codes sets forth the requirements and procedures for the deduction and payment of City income tax on taxable income pursuant to Ohio Revised Code Chapter 718; and
WHEREAS, existing provisions of Chapter 361 do not address taxable income derived from a person’s winnings at a casino facility or video lottery terminal prize awards; and
WHEREAS, there is a need to amend Chapter 361 to address the withholding and payment of City income tax on that taxable income; now therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That Section 361.16 of the Columbus City Codes, 1959, ...
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