(A) This tax shall be levied, collected, and paid with respect to the salaries, wages, commissions, and other compensation received and shall be levied with respect to the net profits of businesses, professions, or other activities earned and accrued or received on and after July 1, 1973.
(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 July 1, 1973, to the close of the taxpayer's fiscal year.
('80 Code, § 93.04) (Ord. 741, passed 4-3-73)