Subject to provisions of Section 181.16, an annual tax, solely for the purposes specified in Section 181.01A, in addition to the tax levied by Section 181.03 and upon the same elements or items of income and net profits as specified in Section 181.03, is hereby levied effective beginning January 1, 1995 for an indefinite period of time, at the rate of one-half of one percent (0.5%).
(Ord. 1095-94. Passed 12-8-94.)