171.01  PURPOSE.
   To provide funds for the purpose of general municipal operations, purchase and maintenance of equipment, municipal services and facilities and capital improvements of Waterville, there shall be, and is hereby, levied a tax on salaries, wages, commissions, and other compensation, and on net profits, from any transaction, venture or activity whether permanent, temporary or nonrecurring in character, as hereinafter provided.
(Ord. 11-04.  Passed 10-11-04.)