(A) To provide funds for the purposes of debt retirement, general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities including recreation and capital improvements of the Municipality there is hereby levied a tax on income, qualifying wages, commissions and other compensation and on net profits as hereinafter provided.
(B) Subject to the provisions of Section 891.97, an annual tax for the purposes specified in division (A) of this section shall be imposed on and after January 1, 1971, at the rate of one and one-half percent (1.5%) per year.
(Ord. 104-2015. Passed 11-17-15.)