(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements of the village, there is hereby levied a tax on salaries, wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) This chapter shall not apply to any person, firm or corporation, or to any property as to whom or which it is beyond the power of Council to impose the tax herein provided for.
(1997 Code, § 35.01) (Ord. 556-74, passed 12-9-1974)