(A) To provide funds for purposes of the general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities, and capital improvements of the municipality there is levied a tax on qualifying wages, salaries, earnings, 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 provided in this Chapter.
(B) The annual tax is levied as follows:
At a rate of one percent (1.0 %) for the period beginning May 1, 1954, (As passed by the St. Bernard electorate May 4, 1954) and ending on December 31, 1970; and
At a rate of one and seven-tenths percent (1.7%) for the period beginning January 1, 1971, (As passed by the St. Bernard electorate November 3, 1970) and ending on June 30, 1985; and
At a rate of two percent (2.0%) for the period beginning July 1, 1985, (As passed by the St. Bernard electorate May 7, 1985) and ending June 30, 2005; and
At a rate of two and one-tenth percent (2.1%) for the period beginning July 1, 2005, (As passed by the St. Bernard electorate May 3, 2005) and thereafter
(C) The tax is levied at a uniform rate on all persons residing in or receiving income in the municipality. The tax is levied on income, qualifying wages, commissions and other compensation, and on net profits as provided in Sections 182.04 and 182.06 of this Chapter and as other sections as they may apply.
(Ord. 52-2015. Passed 12-10-15.)