An annual tax for the purposes specified in Section 193.01 shall be imposed at the rate of one and one-half percent (1 ½%) per year for the period beginning January 1, 1996, and ending on December 31, 2020, at the rate of one and three-eighths percent (1 3/8%) per year for the period beginning January 1, 2021, and ending on December 31, 2022, and thereafter at the rate of one percent (1%) per year upon the following:
(a) On all salaries, wages, commission and other compensation earned on and after January 1, 1996, by residents of the City.
(b) On all salaries, wages, commissions and other compensation earned on and after January 1, 1996, by non-residents of the City for work done or services performed or rendered within the City.
(c) (1) On the portion attributable to the City of the net profits earned on and after January 1, 1996, of all resident unincorporated business entities or professions or other activities, derived from sales made, work done, services performed or rendered and business or other activities conducted in the City.
(2) On the portion of the distributive share of the net profits earned on and after January 1, 1996, of a resident partner or owner of a resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity by the City.
(d) (1) On the portion attributable to the City of the net profits earned on and after January 1, 1996, of all non-resident unincorporated business entities, professions or other activities, derived from sales made, work done, services performed or rendered and business and other activities conducted in the City whether or not such unincorporated business entity has an office or place of business in the City.
(2) On the portion of the distributive share of the net profits earned on and after January 1, 1996, of a resident partner or owner of a non-resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity by the City.
(e) On the portion attributable to the City of the net profits earned on and after January 1, 1996, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the City whether or not such corporations have an office or place of business in the City.
(Ord. 2006-72. Approved by voters 11-7-06.)