[Amended 1-20-1986 by Ord. No. 86-3]
A tax for general borough purposes is imposed
on:
A. One and six-tenths percent of all income earned by
residents.
[Amended 11-1-1999 by Ord. No. 99-16; 12-1-2002 by Ord. No. 02-18]
B. One percent of all income earned by nonresidents employed
within the Borough of Norristown.
C. One and six-tenths percent of the net profits earned
by businesses, professions and other activities conducted by residents.
D. One percent of the net profits earned by businesses,
professions and other activities conducted by nonresidents within
the Borough of Norristown.
The Income Tax Officer shall receive such compensation
for his services and expenses as determined by the borough from time
to time. In the case of a single tax collector established pursuant
to Subsection (f) of Section 10 of Act 511, the borough shall share in the compensation of the expenses
of a single officer according to the proportionate share that the
borough collects from the total annual collections.
This Article shall not apply to personal property
or persons who or which are beyond the legal power of the borough
to impose the tax herein provided or to the net profits of any institution,
organization, trust, association or foundation operated for public,
religious, educational or charitable purposes, provided that this
section shall not operate to relieve or exempt any such entity from
collection at the source of earned income of its employees and remittance
of such collections to the Income Tax Officer.