Paulding Eyes Tax Revisions

Folks liv­ing in Pauld­ing could soon have some new income tax ordi­nances to deal with. Changes in the tax struc­ture were dis­cussed by Pauld­ing Vil­lage Coun­cil on Mon­day. At the meet­ing ear­lier this week, Solic­i­tor Mike Jones pre­sented coun­cil mem­bers with a 61-page sam­ple ordi­nance, which is about 40 pages longer than the cur­rent vil­lage income tax law. The sam­ple ordi­nance was put together in an effort to com­ply with House Bill 5, which man­dates that munic­i­pal income tax codes be amended by Jan. 1 , 2016. Jones explained that the biggest dif­fer­ence between the sam­ple ordi­nance and the village’s cur­rent law, are how inter­est for penal­ties are calculated.