71-10 Amend Chpt 128, Municipal Income Tax

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128.0305 BUSINESS. Business means any enterprise, activity rofession 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 nonprofit corporations w~iich are exempt from the payment of Federal Income Tax. 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, but does not include Subchapter S Corporations. 128.0307 EMPLOYEE. "Employee" means one who works for wages, salary, commission or other type of compensation in the service of an employer. 128.0308 EMPLOYER. "Employer" means an individual, partnership, association, corporation, government body, unit or agency, or any other entity, whether or not orgarnzed for profit, who or that employs one or more persons on a salary, wage, commission or other basis of compensation. 128.0309 FISCAL YEAR. "Fiscal year" means an accounting period of twelve months or less ending on any day other than December 31. 128.03091 FUNDAMENTAL CHANGE. "Fundamental change" means any substantial alteration by an employer including liquidations, dissolution, bankruptcy reorganizations such as merger, consolidation, acquisition, transfer or change in identity, form or organization. 128.0310 GROSS RECEIPTS. Gross receipts means the total income from any source whatever. 128.03101 MANAGER. "Manager" means any of the employer's officers, responsible persons, employees having control or supervision and employees charged with the responsibility of filing the return, paying taxes and otherwise complying with the provisions of this chapter. 128.0311 NET PROFITS. "Net profits" means a net gain from the operation of a business, profession, enterprise or other activity after provision 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. 128.0312 NONRESIDENT. "Nonresident" means an individual domiciled outside the City of Lakewood. 128.0313 NONRESIDENT UNINCORPORATED BUSINESS ENTITY. "Nonresident unincorporated business entity"means an unincorporated business entity not having an ofnce or place of business within the City of Lakewood. 128.0314 PERSON. "Person" means every natural person, partnership, fiduciary, association or corporation. Whenever used in any clause prescribing and imposing a penalty, the term