There shall be levied an excise tax as hereinafter provided to supplement the general funds of our city and provide a mechanism for promoting the city. The distribution of the percentage of net receipts from the excise tax shall be agreed upon through a contractual arrangement between the city and Convention and Visitors Bureau, or other recognized association, tor the purpose of bringing the patronage and business of cultural, educational, religious, professional, and sports organizations into the city for the benefit of the citizens of the city and the business community.
(1980 Code, § 101.01) (Ord. 3606, passed 5-19-1980; Am. Ord. 4211, passed 5-3-1982; Am. Ord. 8635, passed 11-20-2017) Penalty, see § 101.99