The Purpose of the Ordinance 

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 of Cadiz there shall be, and is hereby levied a tax on salaries, wages, commissions and other compensation, and on net profits as hereinafter provided. 

Levying a tax to provide funds for the purposes of general municipal operation, maintenance of equipment, extension, enlargement and improvement of municipal services and facilities and capital improvements, on all salaries, wages, commissions and other compensations earned by residents of the Village of Cadiz; on all salaries, wages, commissions and other compensation earned by non-residents of the Village of Cadiz; for work done or services performed or rendered in the Village of Cadiz; on all net profits earned on all businesses, professions or other activities conducted by residents of the municipality; on the net profits earned on all businesses, professions or other activities conducted in the Village of Cadiz by non-residents, and on the net profits earned by all corporations doing business in the Village of Cadiz as well as the result of work done or services performed or rendered in the Village of Cadiz, requiring the filing of returns and furnishing of information by employers and all those subject to said tax; imposing on employers the duty of collecting the tax at the source and paying the same to the Village of Cadiz; providing for the administration, collection and enforcement of said tax; declaring violation thereof to be a misdemeanor and imposing penalties thereof.

 All receipts of tax collected are distributed to the General Fund and Capital Improvements.