An annual tax for the purposes specified in Section 195.01 shall be imposed on and after January 1, 1971 at the rate of one percent (1%) per annum and imposed on and after January 1, 1972 at the rate of one and one-half percent (1.5%) per annum and imposed on and after January 1, 1990 at the rate of two percent (2%) per annum on all taxable income.
(Ord. 2000-130. Passed 4-13-00.)