Levying a tax to provide funds for the purposes of general municipal operation, maintenance of equipment, extension, enlargement and improvement of municipal services and facilities and capital improvements, on all salaries, wages, commissions and other compensations earned by residents of this Municipality; on all salaries, wages, commissions and other compensation earned by nonresidents of this Municipality; for work done or services performed or rendered in the Municipality; on the net profits earned on all businesses, professions or other activities conducted by residents of this Municipality; on the net profits earned on all businesses, professions or other activities conducted in the Municipality by nonresidents, and on the net profits earned by all corporations doing business in the Municipality as a result of work done or services performed or rendered in the Municipality; requiring the filing of returns and furnishing of information by employers and all those subject to said tax; imposing on employers the duty of collecting the tax at the source and paying the same to the Municipality; providing for the administration, collection and enforcement of said tax; declaring violation thereof to be a misdemeanor or imposing penalties therefore, there shall be and is hereby levied a tax of one percent (1%) per annum of salaries, wages, commissions, and other compensation, and on net profits as herein provided. (Ord. 2015-34. Passed 11-19-15.)