(A) To provide funds for the purpose of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements of the City of Lancaster, Ohio, there shall be, and is hereby, levied a tax on salaries, wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) Rate of tax is two and thirty hundredths percent (2.30%) for taxable years that begin on or after January 1, 2023, the rate of tax is two and twenty hundredths percent (2.20%) for taxable years that begin on or after January 1, 2021 and before January 1, 2023, and the rate of tax is one and seventy-five hundredths percent (1.75%) for taxable years that begin before January 1, 2021. (Ord. 32-23. Passed 11-27-23.)