34-67 New 128.0101 - 128.2702 enact income tax

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-2- Section 128. 0302 Administrator Administrator means the individual designated to administe~ and enforce the provisions of the City of Lakewood Income Tax. Section 128.0303 Association Association means any partnership, limited partnership, or any other form of unincorporated enterprise, owned by two or more persons. Section 128.0304 Board of Review Board of Review means the Board created by and constituted as provided in Section 128.2501. Section 128.0305 Business Business means any enterprise, activity, profession, or undertaking of any nature conducted for profit or ordinarily conducted for profit, whether by an individual, partnership, association, corporation or any other entity, excluding, however, all non-profit corporations which are exempt from the payment of Federal Income Tax. Section 128.0306 Corporation Corporation means a corporation or joint stock association organized under the laws of the United States, the State of Ohio, or any other state, territory, or foreign country or dependency. Section 128.0307 Employee Employee means one who works for wages, salary, commission or other type of compensation in the service of an employer. Section 128.0308 Employer Employer means an individual, partnership, association, corporation, government body, unit or agency, or any other entity, whether or not organized for profit, who or that employe one or more persons on a salary, wage, commission,or other basis of compensation. ~ection 128.0309 Fiscal Year Fiscal Year means an accounting period of twelve (12) months or less ending on any day other than December 31st. Section 128.0310 Gross Receipts Gross Receipts means the total income from any source whatever. Section 128.0311 Net Profits Net Profits means a net gain from the operation of a business, profession, enterprise, or other activity after pro- vision for all ordinary and necessary expenses either paid or accrued in accordance with the accounting system used by the taxpayer for Federal Income Tax purposes without deduction of taxes imposed by this Chapter, federal, state, and other taxes based on income; and in the case of an association, without deduction of salaries paid to partners and other owners.