Said tax shall be levied, collected and paid with respect to qualifying wages, commissions, other compensation and other taxable income earned or received on and after January 1, 2004, and with respect to the net profit of businesses, professions and other activities earned on and after January 1, 2004. Provided, however, that where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the net profit for the fiscal year as shall be earned on and after January 1, 2004, to the close of the taxpayer’s fiscal year; thereafter the taxpayer shall report on its fiscal basis. Prior to the 2004 tax year or January 1, 2004, taxable income shall be calculated based upon the former ordinance and resolution then in effect. (Ord. 57-2003. Passed 12-30-03.)