(A) The purpose of the income tax set forth within this Ordinance is to provide funds for general municipal operations, the purchase of new equipment, maintenance, extension and enlargement of municipal services, facility and capital improvements of the Village of Bradford, Miami County, Ohio, and for necessary debt service, there shall be, and is hereby, levied a tax on Municipal Taxable Income, as herein defined in Section 182.03 division 20(A).
(B) Subject to the provisions of this ordinance, an annual tax for the purposes specified above shall be imposed on and after January 1, 2016, at the rate of one percent (1%) per annum.
(Ord. 0-18-04. Passed 8-23-18.)