(a) The tax imposed by this chapter shall be levied, collected and paid with respect to the Municipal taxable income earned and received commencing January 1, 2016.
(b) Where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the annual net profits for the fiscal year as shall be earned and accrued or received on and after January 1, 2016.
(Ord. 15-54E. Passed 12-7-15.)