A tax for general revenue purposes of 1% is hereby imposed on:
(A) Earned income earned on and after January 1, 1967, by residents of the borough;
(B) Earned income earned on and after January 1, 1967, by nonresidents of the said Borough for work done or services performed or rendered in the borough;
(C) The net profits earned on and after January 1, 1967, by residents of the borough; and
(D) The net profits earned on and after January 1, 1967, from the operation of businesses, professions or other activity, except corporations, conducted in the said borough by nonresidents of the borough.
(1980 Code, Ch. 25, Part 1, § 1) (Ord. 856, passed 11-21-1966; Ord. 983, passed 1-21-1974, § 1) Penalty, see § 37.999