(A) 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 Municipality there is hereby levied a tax on income, qualifying wages, commissions and other compensation, and on net profits and other taxable income as hereinafter provided.
(B) Subject to all other provisions of this chapter, an annual tax is hereby levied at the rate of one-and-one half percent (1.5%) per annum.
(Ord. 10-15. Passed 10-28-15.)