73-71 Repeal & enact new sections in Admin relating to Muni Income tax

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(e) On the portion attributable to the City of the net profits earned on and after January 1, 1972, of all.corporations derived from sales made, work done, services performed or rendered and business or other activites conducted in the City, whether or not such corporations have an office or place of business in the City. SECTION 128.0704 RENTALS Rental income received by a taxpayer shall be included in the com- putation of net profits from business activities under subsections (¢), (d) and (e) of Section 128.0501, only if and to the extent that the rental, ownership,management or operations of the real estate from which such rentals are derived (whether so rented, managed or operated by a taxpayer individually or through agents or other representatives) constitutes a business activity of the taxpayer in whole or in part. Where the gross monthly rental of any and all real properties regard- less of number and value, aggregates in~ excess of ~0 HUNDRED FIFTY DOLLARS ($250.00) per month, it shall be prima facie evidence that the rental, ownership, management or operation of such properties is a business activity of such taxpayer, and the net income of such rental property shall be subject to tax; provided that in the case of commercial property, the owner shall be considered engaged in a business activity when the rental is based on a fixed or fluctuating percentage of gross or net sales, receipts or profits of the lessee, whether or not such rental exceeds TWO HUNDRED FIFTY DOLLARS ($250.00) per month; provided further that in the case of farm property, the owner shall be considered engaged in a business activity when he shares in crops or when the rental is based on a percentage of the grOSS or net receipts derived from the farm, whether or not the gross income ~exceeds said $250.00'per month; and provided further that the person who operates a licensed rooming house shall be considered in business whether or not the gross income exceeds $250.00.per month. SECTION 128.1101 WHEN RETURN REQUIRED TO BE MADE Each taxpayer shall, whether or not a tax be due thereon, make and file a return on or before April 30 of the year following the effect- ive date of this Chapter and on or before April 30 of each year there- after. When the return is made for_a fiscal year or other period different from the calendar year, the return shall be filed withi~ four (4) months from the end of such fiscal year or period. SECTION 128.1301 PAYMENT OF TAX ON FILING OF RETURNS (a) The taxpayer making a return shall, at the time of filing thereof, pay to the Administrator the amount of taxes shown as due thereon; provided, h~wever, that: (1) Where any portion of the tax so due shall have been deducted at the source pursuant to the provisions of Section 128.1302 hereof, or, (2) Where any portion of said tax shall have been paid by the taxpayer pursuant to the provisions of Section 128.1303 hereof or, (3) Where an income tqx has been paid on the same income co another municipality, credit for the ;~mount :;o dcdncted or paid, or credit to the extent providt, d for in Sc, etlon 128.1902, :dsal! be dt, ductcd from the amount shown to bc duc' a~d only' thc hal;moo, [f any, :;hall bt, due and payable