To provide for the purposes of general Municipal operations, maintenance, new equipment and capital improvements of the City, there is hereby levied a tax at the rate of two percent (2%) per annum upon the following:
(a) On all salaries, wages, commissions and other compensation earned by residents of the City.
(b) On all salaries, wages, commissions and other compensation earned by nonresidents of the City for work done or services performed or rendered in the City.
(c) On the net profits earned of all unincorporated businesses, professions or other activities conducted by residents of the City.
(d) On the net profits earned of all unincorporated businesses, professions or other activities conducted in the City by nonresidents.
(e) For the purposes of subsections (c) and (d) hereof, an association shall not be taxable as an entity, but any member thereof who is a resident of the City shall be taxed individually on his entire share, whether distributed or not, of the annual net profits of the association, and any nonresident members thereof shall be taxed individually only on that portion of his share, whether distributed or not, of the annual net profits of the association as is derived from work done, services performed or rendered and business or other activities conducted in the City.
(f) On the net profits of all corporations, estates, trusts and limited partnerships derived from work done or services performed or rendered and business or other activities conducted in the City, whether or not such corporations, estates, trusts and limited partnerships have their principal or any place of business located in the City.
(Ord. 19-84. Passed 8-27-84.)