(A) To provide funds for the purposes of permanent improvements, new equipment, extension and enlargement of municipal services and facilities, capital improvements and operating expenses of the City of Piqua, there shall be, and is hereby levied, a tax on income, qualifying wages, commissions and other compensation, net profits, and other taxable income as hereinafter provided.
(B) Subject to the provisions of R.C. § 718.05, an annual tax for the purposes specified in § 38.02(A) hereof shall be imposed at the rate of 2% per annum.
(Ord. 18-15, passed 12-15-15)