A Joint Economic Development District (JEDD) is a special tax arrangement created to both benefit the district and the City of Toledo. The City of Toledo has two such JEDD agreements — Toledo Express Airport and Troy Township.
Toledo Express Airport JEDD
The City of Toledo and Toledo Express Airport (TEA) have entered into a JEDD agreement effective January 1, 2016. The TEA JEDD has a municipal income tax that is applicable to all work performed in the entirety of the District. This activity is covered under Toledo Express Airport Joint Economic Development District Resolution 10072015-01 passed by the Board of Directors on October 7, 2015.
The rate of income tax levied by TEA JEDD Resolution is 1.5% on the income described as follows:
- Income earned by persons working within the District ("Earnings Tax Portion").
- Net profits of businesses located within the District ("Net Profits Portion").
TEA JEDD Forms
Troy Township JEDD
Effective August 1st, 2013 the City of Toledo and Troy Township has entered into a Joint Economic Development District (JEDD) agreement. The City of Toledo/Troy Township JEDD has a municipal income tax that is applicable to all work performed in the Troy Township JEDD. This activity is covered under Troy Township Resolution 2013-4.
The rate of the Troy Township JEDD tax is two and one-quarter percent (2-1/4%). As an employer, you are required to withhold municipal income tax from all compensation paid to your employees while working inside the Troy Township JEDD. The 2-1/4% tax is also levied on net profits attributable to the Troy Township JEDD projects.