171.01 PURPOSE.

   To provide funds for the purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, and capital improvements of the City, there shall be, and is hereby levied, a tax on qualifying wages, including sick and vacation pay, bonuses, commissions, incentive payments, settlements, stock options, grievance pay, severance pay, any pay as part of an employee buyout or wage continuation plan and other compensation, on gambling winnings, on net profits and other taxable income as hereinafter provided.
(Ord. 2003-96E. Passed 12-23-03.)