(A) To provide funds for purposes of general municipal operations, maintenance, new equipment, extension and enlargement of municipal services and facilities and capital improvements of the Municipality there shall be levied a tax on municipal taxable income, salaries, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided.
(B) Subject to the provisions of division (A) of this section, an annual tax shall be levied at the rate of two and one-quarter per cent (2 ¼ %) per annum.
(Ord. 03-18. Passed 2-5-18; Ord. 04-18. Passed 2-5-18.)