164.02 PURPOSE OF TAX; RATE.

(a) To provide funds for the purposes of general municipal operations, maintenance, new equipment and capital improvements of the City of Cuyahoga Falls there is hereby levied a tax on salaries, wages, commissions, net profits, lottery, gambling, sports winnings, income from games of chance and other compensation as hereinafter provided.

(b) An annual tax for the purposes specified in Chapter 164.01 shall be and is hereby imposed commencing on July 1, 1996, and continuing thereafter at the rate of two percent (2%) per annum on all taxable income.

(Ord. 93-2015. Passed 11-23-15.)

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