34-67 New 128.0101 - 128.2702 enact income tax

Home Browse Search

IMPOSITION OF INCOME TAX Section 128.0501 Rate and Income Taxable An annual tax for the purposes specified in Section 128.0101 hereof shall be imposed on and after July 1, 1967 at the rate of one-half of one per cent (~%) per annum upon the following: (1) On all salaries, wages, commissions and other compen- sation earned on and after July 1, 1967 by residents of the City of Lakewood. (2) On all salaries, wages, commissions and other compen- sation earned on and after July 1, 1967 by non-residents of the City of Lakewood for work done or services performed or rendered within the City of Lakewood. (3)a. On the portion attributable to the city of Lakewood on the net profits earned on and after July 1, 1967, 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 con- ducted in the City of Lakewood~ b. On the portion of the distributive share of the net profits earned on and after July 1, 1967, of a resident partner or owner of a resident unincorporated business entity not attributable to the City of Lakewood and not levied against such unincorporated business entity. (4) a. On the portion attributable to the City of Lakewood of the net profits earned on or after July 1, 1967, 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 con- ducted in the City of Lakewood, whether or not such unincorpora- ted business entity has an office or place of business in the City of Lakewood. b. On the portion of the distributive share of the net profits earned on or after July 1, 1967, of a resident partner or owner of a non-resident unincorporated business entity not attributable to the City of Lakewocd and not levied against such unincorporated business entity. (5) On the portion attributable to the City of Lakewood of the net profits earned on and after July 1, 1967, of all ~corporations derived from sales made, work done, services ~performed or rendered and business or other activitues conduct- ed in the City of Lakewood, whether or not such corporations have an office or place of business in the City of Lakewood. Section 128.0503 Effective Period. Said tax shall be levied, collected and paid with respect to the salaries, wages, commissions and other compensation, and with respect to the net profits of businesses, professions or other activities earned on and after July 1, 1967.