(a) To provide funds for the purposes of general municipal operations, maintenance, new equipment and capital improvements of the City there is hereby levied a tax on salaries, wages, commissions, net profits, lottery, gambling, sports winnings, income from games of chance and other compensation as hereinafter provided.
(b) An annual tax for the purposes specified in Chapter 128.012(a) shall be and is hereby continued as previously commencing on January 1, 1981, and continuing thereafter at the rate of one and one-half percent (1-1/2%) per annum on all taxable income.
(Ord. 31-2015. Passed 12-21-2015.)