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.
(Ord. 58-2012. Passed 12-6-12.)