In addition to the authority contained in Sections 47-a, 47-b, 47-c, 47-d, and 47-e, the City Council shall enact an ordinance levying an income tax of six-tenths of one percent beginning January 1, 2012, to provide funds for the operations of the Police and Fire forces of the City of Portsmouth and for no other purpose whatsoever.
Said income tax shall be levied on the net profits of all businesses, professions or other activities conducted by residents of the City of Portsmouth, on the net profits on all businesses, professions or other activities conducted in the City of Portsmouth by nonresidents; on the net profits of all corporations as a result of work done or services performed or rendered in the City of Portsmouth; on all salaries, wages, commissions, and other personal service compensation earned by residents of the City of Portsmouth, on all salaries, wages, commissions, and other personal service compensations earned by residents of the City of Portsmouth, on all salaries, wages, commissions and other personal service compensation earned by non-residents of the City of Portsmouth for work done or services performed or rendered in the City of Portsmouth.
The Department of Finance under the City Auditor’s supervision shall administer and collect the income tax under rules and regulations adopted by a policy committee as established in Section 47-c of this Charter. (Enacted 11-8-11)