To provide for the purposes of general Municipal operations, maintenance, new equipment and capital improvements of the Village, there is hereby levied a tax at the rate of two percent (2%) per annum upon the following:
(a) All Salaries, Wages, Commissions and Other Compensation earned, received or accrued by Resident individuals, Associations or Other Entities.
(b) All Salaries, Wages, Commissions and Other Compensation earned, received or accrued by Nonresident individuals, Associations or Other Entities for work done or services performed or rendered in the Village.
(c) The Net Profits of all Resident individuals, Associations or Other Entities derived from sales made, work done or services performed or rendered, or Business or other activities conducted in the Village. The tax imposed on Resident Associations or Other Entities is upon the entities rather than the individual owners or members thereof.
(d) The share of Net Profits earned by a Resident partner, member or owner of a Resident Association or Other Entity not attributable to operations within the Village and not levied against such Association or Other Entity.
(e) The Net Profits of all Nonresident Associations or Other Entities derived from sales made, work done or services performed or rendered or Business or other activities conducted in the Village, whether or not such Association or Other Entity has an office or Place of Business in the Village. The tax imposed on Nonresident Associations or Other Entities owned by two or more Persons is upon the entities rather than the individual owners or members thereof.
(f) The share of Net Profits earned by a Resident partner, member or owner of a Nonresident Association or Other Entity not attributable to operation within the Village and not levied against such Association or Other Entity.
(g) The Net Profits of all Corporations derived from sales made, work done or services performed or rendered and Businesses or other activities conducted in the Village, whether or not such Corporations have an office or Place of Business in the Village.
(h) The payments made to current and former Employees by an Employer as accrued benefits and/or vacation wages; the payments made to current or former Employees by an Employer under a wage continuation plan during periods of disability or sickness; the payments made to current and former employees by an Employer as severance pay, separation pay, retirement bonus or incentive pay, and similar types of final payment, all to the extent attributable to work done or services performed or rendered in the Municipality in the case of Nonresident individuals, and to the extent thereof in the case of Resident individuals.
The tax upon all of the income specified in subsections (a), (b), (c), (d), (e), (f), (g) and (h) hereof, shall remain in effect for the purpose of filing returns and collection of the tax at a rate of one percent (1%) with regard to all income earned prior to July 1, 1995, and the income earned or received for July 1, 1995 will be levied at a two percent (2%) rate.
(Ord. 28-01. Passed 4-16-01.)