880.04 EFFECTIVE PERIOD.
(a) The tax imposed by this chapter for the purposes specified in Section 880.01 shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation of employees, and with respect to the net profits of business, professions or other activities, earned on and after July 1, 1978, and the tax imposed by this chapter for the sole purpose of providing funds for capital improvements shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation of employees and with respect to the net profits of business, professions or other activities, earned on and after July 1, 1988.
(Ord. 88-5. Approved by voters 5-3-88.)
(b) The tax imposed by this chapter for the sole purpose of providing funds for capital improvements shall expire and shall not be levied, collected or paid with respect to the salaries, wages, commissions or other compensation of employees and the net profits of businesses, professions or other activities, earned after December 31 of the year in which bonds issued during calendar year 1988 for the purpose of making improvements to the municipal wastewater treatment system or any subsequent refinancing of such obligations, whether in the form of new bonds or otherwise, are no longer outstanding.
(Ord. 97-18. Passed 3-6-97.)
(c) The tax imposed by this chapter for the purposes specified in Section 880.01 shall be levied, collected and paid with respect to all income derived or received from lotteries, gaming, wagering or other schemes of chance by residents of the Municipality, earned in the 2004 taxable year and all taxable years thereafter. (Ord. 04-23. Passed 6-17-04.)