(a) In order to provide funds for general municipal operations, maintenance, new equipment, service and facilities, capital improvements, payment of principal and interest on municipal debt
(b) The annual tax is levied at a rate of one percent per annum. The tax is levied at a uniform rate on all persons residing in or earning or receiving income in the City. The tax is levied on income, qualifying wages, commissions and other compensation, on net profits as hereinafter provided in this chapter and other sections as they may apply.
(Ord. 2015-30. Passed 11-3-15.)