A tax for general revenue purposes of one and one-half percent is hereby imposed.
(a) All salaries, wages, commissions and other compensation earned on and after January 1, 1984, by residents of the City;
(b) All salaries, wages, commissions and other compensation earned on and after January 1, 1984, by nonresidents of the City for work done or services performed or rendered in the City;
(c) The net profits earned on and after January 1, 1984, of businesses, professions or other activities conducted by such residents; and
(d) The net profits earned on and after January 1, 1984, of businesses, professions or other activities conducted in the City by nonresidents.
The tax levied under subsections (a) and (b) hereof shall relate to and be imposed upon salaries, wages, commissions and other compensation paid by an employer or on his or her behalf to any person who is employed by or renders services to him or her. The tax levied under subsections (c) and (d) hereof shall relate to and be imposed on the net profits of any business, profession or enterprise carried on by any person as owner or proprietor, either individually or in association with some other person.
Such tax shall first be levied, collected and paid with respect to the salaries, wages, commissions and other compensation earned from and after January 1, 1984, and with respect to the net profits of businesses, professions or other activities earned from and after January 1, 1984. However, where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the net profits for the fiscal year that is earned from and after January 1, 1984.
(Ord. 4390. Passed 9-10-86; Ord. 5215. Passed 12-29-16.)