Effective July 1, 1996, the existing one-half percent (1/2%) tax on income to be used for the general municipal operations of the City, shall be renewed and shall be levied and collected on income as defined in and in the manner now prescribed by the existing income tax ordinance, Ordinance No. 1986-29 as renewed by initiative on November 6, 1990, and in accordance with all other ordinances, resolutions and regulations now in effect governing the administration and collection of such income tax; provided, however, that the present respective allocations of income tax revenue between the General and Capital Improvement Funds as set forth in Section 9 of said existing Ordinance No. 1986-29 as renewed shall not be applicable to such one-half percent (1/2%) tax, it being intended that same shall be collected and made available for all proper General Fund appropriations.
(Ord. 2007-47. Passed 7-17-07.)
(Ord. 2007-47. Passed 7-17-07.)