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Section 128.03091 FUNDAMENTAL CHANGE. <br /> <br />"Fundamental Change" means any <br />substantial alteration by an employer <br />including liquidations, dissolution, <br />bankruptcy, reorganizations such as merger, <br />consolidation, acquisition, transfer or change <br />in identity, form or organization. <br /> <br /> Section 5. That Chapter !25 of the Administrative Code <br />of the Codified Ordinances of the City of Lakewood shall be and <br />the same are hereby supplemented by enacting new Section <br />128.03!01 to read as follows: <br /> <br />Section 12~.0310~ MANAGER. <br /> <br /> "Manager" means any of tl~e employer's <br />officers, responsible persons, employees <br />having control or supervision and employees <br />charged with the responsibility of filing the <br />return, paying taxes, ~nd otherwise complying <br />wit~ the provisions of this C~apter. <br /> <br /> Section 6. That Section 128.0501 of the Administrative <br />Code of the Codified Ordinances of th~ City of Lake'~ood shall be <br />ar~g the same is hereby suppleme~ted gy enacting new subparagraph <br />(f) to read as follows: <br /> <br />Section ~28.0501 RATE AND INCOME TAXABLE. <br /> <br /> An annual tax for the purposes specifie'J <br />in Section 128.0~0~ shall be imposed on and <br />after January 1, 1981, at the rate of one and <br />one-half percent (1-1/2%) per annum upon the <br />following: <br /> <br /> (b) . . . <br /> (c) . . . <br /> (d) . . . <br /> (e) . . . <br /> (f) On the portion attributable to ~his <br />municipality pursuant to the ter,'~ls of this <br />ordinance and including: <br /> (1) Royalty Income - Income earned <br />from a royalty interest in the production of <br />an oil or gas well whether managed, extracted <br />or operated by the taxpayer individually or <br />through an agent or other representative, <br />shall be included in the computation of net <br />profits from ~.~ business activity to the exten~ <br />that such royalty interest constitutes a <br />business activity of the taxpayer. <br /> <br /> Where the gross income received by a <br />taxt) ayer from a royalty interest in the <br />production of an oil or gas well in a ~axable <br />year exceeds ~3,000.00, it shall be prima <br />facie avidence that the income was derived <br />frown a business activity of sach taxpayer and <br />the net income from such royalty interest <br />snell be subject to tax. <br /> <br /> (2) '£ne employer's inco~e derived <br />from finance and carrying charges associated <br />with their consu,ner's accounts receivable. <br /> <br /> <br />