School District Income Tax Definiton
August 13, 2015treehouseadmin
Income tax, distinct from municipal, state and federal taxes, meant specifically for school districts is known as school district income tax. In states like Ohio, approval of voters in a school district is taken before imposing such tax.
School district income tax refers to a special tax earmarked for offering financial support to a school district. This is distinct from other local, state and federal taxes. The collection methods used for school district income tax are same as those used for the state taxes – annual returns, individual quarterly estimated payments and employer withholding. The tax is applicable only in certain areas, for instance, Ohio.
Here the most distinctive feature about the tax is that its imposition is subject to voter approval.