To provide for the purposes of general municipal operations, maintenance, new equipment and capital improvements of the City, there is hereby levied a tax at the rate of one half percent per year upon the following:
(a) All salaries, wages, commissions and other compensation earned on and after November 1, 1971, by residents of the City.
(b) All salaries, wages, commissions and other compensation earned or received on and after November 1, 1971, by nonresidents of the City for work done or services performed or rendered in the City.
(c) (1) On the net profits earned on and after November 1, 1971, of all unincorporated businesses, pass-through entities, professions or other activities conducted by residents of the City.
(2) On the net profits earned on and after November 1, 1971, of all unincorporated businesses, pass-through entities, professions or other activities conducted in the City by nonresidents.
(3) For the purposes of subparagraphs (1) and (2) hereof, an association shall not be taxable as an entity, but any member thereof who is a resident of the City shall be taxed individually on his entire share, whether distributed or not, of the annual net profits of the association, and any nonresident member thereof shall be taxed individually only on that portion of his share, whether distributed or not of the annual net profits of the association and is derived from work done, services performed or rendered, and business or other activities conducted in the City.
(d) On the net profits on and after November 1, 1971, of all corporations, estates, trust and limited partnerships, derived from work done or services performed or rendered, ordinary gains from the operation of and/or the complete or partial sale or disposition of the assets of a business, profession, or enterprise or other activity (whether or not such business, profession, enterprise or other activity is conducted for profit or is ordinarily conducted for profit) and business or other activities conducted in the City, whether or not such corporations, estates, trusts and limited partnerships have their principal or other place of business located in the City.
(e) Payments made to current and former employees by an employer as accrued benefits and/or vacation wages are taxable. Payments made to any current or former employee by an employer under a wage continuation plan during periods of disability or sickness, are taxable.
(Ord. 04-52. Passed 12-7-04.)