The City tax shall be levied, collected and paid with respect to compensation earned or received and with respect to the net profits earned or received on a calendar year basis, except as herein provided.  When the fiscal year of a taxpayer is other than the calendar year that may be otherwise permitted by law, and a modification to this Tax Code impacts such fiscal taxpayer, then the City tax shall be levied upon that part of the net profits for the fiscal year which are earned or received on and after the effective date of such modification until the close of the taxpayer’s fiscal year, and, thereafter, shall be levied on the taxpayer’s fiscal-year basis.
(Ord. 091-08.  Passed 1-5-09.)