(a) Such tax shall be levied, collected and paid with respect to salaries, wages, commissions and other compensation earned on and after January 1, 1973, and with respect to net profits of businesses, professions and other activities earned on and after January 1, 1973. Provided however, that where the fiscal year of the business, profession or other activity differs from the calendar year, the tax shall be applied to that part of the net profit for the fiscal year as shall be earned on and after January 1, 1973, to the close of the taxpayer's fiscal year; thereafter the taxpayer shall report on its fiscal year basis.
(b) The tax levied in this Chapter 181 of the Wellington Codified Ordinances shall apply to taxable income earned during or before the tax year 2015; the tax levied in Chapter 182 of the Wellington Codified Ordinances shall apply to taxable income earned from and after January 1, 2016, and/or for tax years beginning in 2016 and thereafter.
(Ord. 2015-44. Passed 11-2-15.)