(a) The tax imposed by Sections 181.01 through 181.13 is effective as to income and profits earned or accruing on and after October 1, 1968, and payroll deductions must be made against all salaries, wages, commissions, bonuses and other compensation earned or accruing on and after that date.
(b) This chapter shall continue effective insofar as the levy of taxes is concerned until terminated or otherwise amended by Council.