(a) Said tax shall be levied, collected and paid with respect to salaries, wages, commissions and other compensation earned on and after January 1, 2023 and with respect to the net profit of businesses, professions and other activities earned on and after January 1, 2023, provided however, that 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 net profit for the fiscal year as shall be earned on and after January 1, 2023 to the close of the taxpayer's fiscal year; thereafter the taxpayer shall report on its fiscal year basis.
(b) If, by operation of law, the commencement date for the levy, collection and payment of the tax provided for by this chapter is postponed, the alternative date for the commencement of the levy, collection and payment of said tax shall be the beginning of the first month of any calendar quarter after such legal impediment is removed.
(Ord. 2021-28. Passed 12-21-21.)