§ 32.060 TAX IMPOSED.

   (A)   The following taxes are hereby imposed for general borough purposes:

      (1)   0.5% of all compensation paid after July 1, 1966 to residents;

      (2)   0.05% of all compensation paid after July 1, 1966 to nonresidents for work done or services rendered in the borough;

      (3)   0.05% of the net profits earned after July 1, 1966 of businesses, professions, and other activities conducted by residents; and

      (4)   0.05% of the net profits earned after July 1, 1966 of businesses, professions, and other activities conducted in the borough by nonresidents.

   (B)   The taxes levied under divisions (A)(1) and (A)(2) above shall relate to and be imposed upon compensation paid by an employer or on his or her behalf to any person who is employed by or renders services to him or her. The taxes levied under divisions (A)(3) and (A)(4) above shall relate to and be imposed upon the net profits of any business, profession, or enterprise carried on by any person or owner or proprietor, either individually or in association with any other person or persons.

   (C)   Such taxes shall be levied with respect to the compensation or net profits levied during the calendar year for which such tax is levied; provided that, where the fiscal year of a business, profession, or other activity differs from the calendar year, the tax shall be applicable to the net profits of the fiscal year.

(Ord. 17-1966, passed 4-12-1966)