The purpose of the income tax is to provide for general Municipal functions of the Village of Brooklyn Heights. There shall be and is hereby levied a tax on all salaries, wages, commissions, and other compensation, and on net profits, as hereinafter provided. The amount so levied and collected, after expenses, shall be collected as follows:
(a) 100% to the General Fund.
(b) 0% to the Capital Improvement Fund.
(Ord. 108-92. Passed 11-15-92; Ord. 106-2002. Passed 11-6-02; Ord. 4-2005. Passed 1-18-05.)