(A) There is hereby levied a tax on income, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided, to provide funds for the purposes of general Municipal operations, maintenance, new equipment, extension and enlargement of Municipal services and facilities and capital improvements of the Village.
(B) An annual tax for the purposes specified in Section (A) shall be imposed at the rate of one percent (1%) per annum.
(Ord. 15-069. Passed 11-2-15.)