Facebook Live Oct. 1: Q&A About the Levy
Lebanon City School District has a 1.0% Earned Income Tax levy on the November 3 ballot. What questions do you have about the levy? Join Superintendent Isaac Seevers and Treasurer Karen Ervin for a Facebook Live event on Thursday, October 1 at 7:00 p.m. on our Facebook page.
Please submit your questions by 4:00 p.m. on Wednesday, September 30 via email to ContactLebanon@LebanonSchools.org.
More information about the Earned Income Tax Levy:
- Operating and Capital Improvement: The 1.0 % Earned Income Tax is for operating expenses and capital improvement projects. It is NOT a property tax.
- Property Tax Rollback: If the levy passes, the Board of Education will roll back 2.15 mills of property taxes, providing direct property tax savings to homeowners.
- Who Pays: An Earned Income Tax is collected by employers (regardless of location) via payroll taxes from individuals who live in the Lebanon City School District. Self-employed individuals pay the tax through quarterly estimated payments.
- What is Taxed: Earned income includes wages, salaries, tips, and self-employment income (such as sole proprietorships and partnerships).
- What is Excluded: Unearned income is excluded, including retirement pensions, 401(k) withdrawals, Social Security, interest, dividends, capital gains, and unemployment benefits.
Learn more: https://www.lebanonschools.org/resources/income-tax-levy-resources/
