(a) For the purpose of providing funds for general municipal operations, including salaries, capital improvements, safety equipment and personnel, street improvements, and other municipal purposes of the City, there is hereby levied a tax at the annual rate of one and eighty hundredths percent (1.80%) per annum effective January 1, 2006 upon the income described in subsection (b) hereof subject to the exemptions in Section 191.15, with 0.15 percent of total income tax collections, net of collection costs, restricted for street construction, maintenance, repair and improvements effective January 1, 2006 and expiring on December 31, 2012.
(Ord. 12-05. Passed 1-24-05.)
(b) The tax shall be levied upon:
(1) All Salaries, Wages, Commissions and Other Compensation earned, received or accrued by Resident individuals, Associations or Other Entities.
(2) All Salaries, Wages, Commissions and Other Compensation earned, received or accrued by Nonresident individuals, Associations or Other Entities for work done or services performed or rendered in the City.
(3) The Net Profits of all Resident individuals, Associations or Other Entities derived from sales made, work done or services performed or rendered, or Business or other activities conducted in the City. The tax imposed on Resident Associations or Other Entities is upon the entities rather than the individual owners or members thereof.
(4) The share of Net Profits earned by a Resident partner, member or owner of a Resident Association or Other Entity not attributable to operations within the City and not levied against such Association or Other Entity.
(5) The Net Profits of all Nonresident Associations or Other Entities derived from sales made, work done or services performed or rendered or Business or other activities conducted in the City, whether or not such Association or Other Entity has an office or Place of Business in the City. The tax imposed on Nonresident Associations or Other Entities owned by two or more Persons is upon the entities rather than the individual owners or members thereof.
(6) The share of Net Profits earned by a Resident partner, member or owner of a Nonresident Association or Other Entity not attributable to operation within the City and not levied against such Association or Other Entity.
(7) The Net Profits of all Corporations derived from sales made, work done or services performed or rendered and Businesses or other activities conducted in the City, whether or not such Corporations have an office or Place of Business in the City.
(8) The payments made to current and former Employees by an Employer as accrued benefits and/or vacation wages; the payments made to current or former Employees by an Employer under a wage continuation plan during periods of disability or sickness; the payments made to current and former employees by an Employer as severance pay, separation pay, retirement bonus or incentive pay, and similar types of final payment, all to the extent attributable to work done or services performed or rendered in the City in the case of Nonresident individuals, and to the extent thereof in the case of Resident individuals.
(Ord. 154-00. Passed 1-8-01.)