(A) To provide funds for municipal purposes there shall be and is hereby levied a tax on qualifying taxable income as hereinafter provided.
(B) Subject to provisions of Chapter 860, an annual tax shall be, and is hereby, levied at the rate of 1.75 per cent (1.75%) per annum upon Municipal Taxable Income as set forth in this Chapter. (Ord. 39-2023. Passed 11-20-23.)