City of Akron Initiates New Tax Law


The city of Akron, Ohio made formal an announcement to initiate a new tax law that will affect those who are work temporarily within the realms of the city.
The law will commence Jan. 2, 2000, and it will take a 2 percent cut from any income earned by those individuals or organizations who work in the area fewer than 12 days per year.
This comes as big news to the sporting/entertainment industry, in that athletes, teams or performers will be subject to the taxation every time they earn income in the area.
For the PGA Tour, this means that the NEC Invitational held at Firestone Country Club will surrender $100,000 of its $5 million purse to the city. Its winner alone will relinquish $20,000 that amount.