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 city there shall be, and is hereby levied a tax on salaries, wages, commissions, and other compensation, and on net profits as hereinafter provided.
(1982 Code, § 35.01) (Ord. 1971-12, passed 8-23-1971; Ord. 1971-22, passed 11-30-1971; Ord. 2003-5, passed 1-6-2003; Ord. 2005-12, passed 9-12-2005)