(A) To provide funds for the purposes of general Municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities of the Municipality of Germantown there shall be, and is hereby levied a tax on income, salaries, wages, commissions and other compensation and on net profits, as hereinafter provided in Ordinance 1072, passed 3-1-71, and as subsequently amended from time to time.
(B) The tax levied herein shall be imposed at the rate of one and one half percent (1.50%) per annum, and originally taking effect on or about January 1, 2019.
(Ord. 18-46. Passed 12-17-18.)