A tax for general revenue purposes of 1% is hereby imposed and shall be applied as follows:
A. To earned income earned by residents of the Borough of Marysville during the calendar year 1967, or taxpayer's fiscal year beginning in the calendar year 1967, and during each calendar year thereafter.
B. To net profits earned by residents of the Borough of Marysville during the calendar year 1967, or taxpayer's fiscal year beginning in the calendar year 1967, and during each calendar year or taxpayer fiscal year thereafter.
(Ord. 12/19/1966, §3)