1. Purpose of Tax. This tax is imposed to provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, and capital improvements of the Village.
2. Rate of Tax. For the purposes specified in Section 152.1.012(1), a tax is levied at a rate of one point seven percent (1.7%) per annum on Municipal Taxable Income as defined herein.
(Ord. 2015-3. Passed 12-14-15.)