(A) To provide funds for the purpose of general municipal operations, maintenance of equipment, new equipment, extension, enlargement, and improvement of municipal services and facilities, and capital improvements of the Municipality, an annual tax shall be imposed on and after January 1, 2012, at the rate of one and six-tenths percent (1.6%) per annum upon Municipal Taxable Income.
(B) This is a continuation of the tax rate in effect as of January 1, 2012 under Section 181.03 of the Codified Ordinances of Montpelier, Ohio.
(Ord. 2193. Passed 11-23-15.)