(a) Rate and Income Taxable. There is hereby levied an annual tax for the purposes specified in Section 890.01, imposed at the rate of two percent per year upon the following:
(1) On all salaries, wages, commissions, lottery winnings, other gambling winnings, and other compensation earned on or after July 23, 1968 by residents of the City. Lottery and gambling losses are deductible against lottery and gambling winnings. The administration shall provide by rules and regulations the manner in which to determine such losses;
(2) On all salaries, wages, commissions and other compensation earned by nonresidents of the City for work done or services performed or rendered within the City;
(3) On the portion attributable to the City of the net profits earned of all resident unincorporated business entities or professions or other activities, derived from sales made, work done, services performed or rendered and business or other activities conducted in the City;
(4) On the portion of the distributive share of the net profits earned of a resident partner or owner of a resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity;
(5) On the portion attributable to the City of the net profits earned of all nonresident unincorporated business entities, professions or other activities, derived from sales made, work done, services performed or rendered and business and other activities conducted in the City whether or not such unincorporated business entity has an office or place of business in the City;
(6) On the portion of the distributive share of the net profits earned of a resident partner or owner of a nonresident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity; and
(7) On the portion attributable to the City of the net profits earned of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the City, whether or not such corporations have an office or place of business in the City.
(b) Effective Period. Such tax shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation, and with respect to the net profits of businesses, professions or other activities earned on or after April 1, 1987. Such tax shall be in full force and effect on April 1, 1987 and thereafter.
(Ord.86-O-27. Passed 11-19-86; Ord.2004-0-01. Passed 1-27-04.)