172.012 PURPOSES OF TAX; RATE

   (A)    A municipal income tax is hereby levied 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 Municipality and for the purpose of the operation of the fire and emergency medical services department and the construction and maintenance of facilities and equipment at the rate of one and one-half percent per Sections 172.04, 172.05 and 172.06 of this Chapter.

   (B)   Subject to the provisions of Section 172.01, the annual tax upon the income specified herein for the purposes specified in Section 172.012(A) shall be and is hereby levied on and after May 1, 1968, at the rate of one-half percent (0.5%) per annum, on and after January 1, 1981, at the rate of one percent (1%) per annum, on and after January 1, 2002, at the rate of one and one-half percent (1.5%) per annum. (Ord. 2015-40. Passed 11-24-15.)