INCOME TAX REPORTING REQUIREMENTS

Employers doing business within the Village of Silver Lake are required to deduct, at the time of payment of salaries, wages, commissions or other compensation, two percent (2%) of total gross wages earned as a result of performing work within the Village.

Every employer who is required to deduct the tax at the source is liable directly to the Village of Silver Lake and/or Regional Income Tax Agency for payment of such tax whether actually collected from their employees or not.

ALSO, the net profit from income earned within the Village of Silver Lake is subject to the tax.  Both withholding and tax on profits are due quarterly.

Before a zoning permit is issued and before work commences, the Contractor and all Sub-Contractors shall furnish to the Village a completed Income Tax Business Registration Form 48 provided by the office of the Clerk-Treasurer.  Please refer to the Income Tax Code of the Village of Silver Lake or contact Regional Income Tax Agency (RITA) at 1-800-860-7482 for additional information.  RITA is authorized to administer and enforce the provision of the Village's income tax code.