183.10 TAX FIRST LEVIED ON EARNINGS OR NET PROFIT.

   (a)   The tax referred to in Sections 183.03 and 183.05 shall first be levied, collected and paid with respect to the salaries, wages, bonuses, incentive payments, commissions, fees and/or other compensation earned on and after June 1, 1978.

   (b)   The tax referred to in Sections 183.06 to 183.08 with respect to net profits of trades, businesses, professions, enterprises, undertakings and other activities shall first be levied, collected and paid with respect to such net profits earned or accrued (in accordance with the regular accounting systems of taxpayer as approved by the U.S. Collector of Internal Revenue) from and after June 1, 1978.

   (c)   But see Section 183.11 for fiscal year returns.

(Ord. 2003-79. Passed 12-2-03.)