(A) To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements of this municipality, there shall be, and is hereby levied a tax on qualifying salaries, wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) An annual tax for the purposes specified in Section 183.012(A), hereof, shall be imposed on and after the first day of January, 2016, at the rate of one and one half percent (1 ½%) per annum. (Ord. 2015-31. Passed 11-23-15.)