The tax imposed by this chapter shall be levied, collected and paid with respect to salaries, wages, commissions and other compensation earned on and after February 1, 1973, and with respect to the net profit of businesses, professions and other activities earned on and after February 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 is earned on and after February 1, 1973, to the close of the taxpayer's fiscal year. Thereafter, the taxpayer shall report on its fiscal year basis.
(Ord. 39-92. Passed 12-21-92.)