(A) Purpose: To provide funds, first to pay the costs of administration, collection and enforcement of the tax, with the balance to be used for the General Fund of the Village.
(B) Rate: A tax for the purposes specified in Section 182.012
(A) hereof shall be imposed and collected annually at the rate of one and one-half per cent (1.5%) per annum upon all Taxable Income, Income and Net Profits as defined in Section 182.03.