The tax shall be levied, collected and paid on qualifying wages, salaries, commissions and other compensation earned on and after January 1, 1973, and on net profits of businesses, professions and other activities earned on and after January 1, 1973. 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, 1973, to the close of the taxpayer’s fiscal year; thereafter the taxpayer shall report on its fiscal year basis.
(Ord. 2004-07. Passed 9-29-04.)