71-10 Amend Chpt 128, Municipal Income Tax

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(i) Gains from involuntary conversion, cancellation of indebtedness, interest on federal obligations, items of income already taxed by the State of Ohio from which the City is specifically .prohibited from taxing, and income of a decedent's estate Buring the period of administration (except such income from the operation of a business). (j) Salaries, wages, commissions and other compensation and net profits, the taxation of which is prohibited by the United States Constitution or any act of Congress limiting the power of the .states or their political subdivisions to impose net income taxes on income derived from interstate commerce. (k) Salaries, wages, commissions and other compensation and net profits, the taxation of which is prohibited by the Constitution of the State of Ohio or any act of the Ohio General Assembly limiting the power of the City to impose net income taxes. RETURNS 128.1101 WHEN RETURN REQUIRED TO BE MADE. Each taxpayer shall, whether or not a tax be due thereon make and fife a return on or before April 15 of the year following the effective date ot`this chapter and on or before April 15 of each year thereafter. When the return is made for a fiscal ear or other period different from the calendar year, the return shall be filed on or before the 15th day of the fourth month following the end of such fiscal year or period. Any person who has no income need not file an annual return. Any person who has exempt income must file a return and declare to the Administrator the nature of his exemption. Any person who has taxable income must file a tax return with the Tax Administrator. 128.1102 FORM AND CONTENT OF RETURN. The return shall be filed with the Administrator on a form or forms furnished by or obtainable upon request from such Administrator, setting forth: (a) The aggregate amounts of salaries, wages, commissions and other compehsation earned and gross income from business, profession or other activity, including lottery winnings gambling and gaming winnings, less allowable expenses incurred in tie acquisition of such gross income earned- during the preceding year and subject to such tax; (b) The amount of the tax imposed by this chapter on such earnings and profits; and (c) Such other pertinent statements, information returns or other information as the Administrator may require. 128.1103 EXTENSION OF TIME FOR FILING RETURNS. The Administrator may extend the time for filing of the annual return upon the. request of the taxpayer for a period of not to exceed six months, or one month beyond any extension requested of or granted by the Internal Revehue Service for the filing of the federal income tax return. The Administrator may require a tentative return, accompanied by a pa ment of the amount of tax shown to be due thereon by the date the return is normally due. No penalty or interest shall be assessed in those cases in which the return is filed and the final tax paid within the period as extended. 128.1104 CONSOLIDATED RETURNS. 4a) Filing of consolidated returns may be permitted or required in accordance with ru es and regulations prescribed by the Administrator. (b) In the case of a corporation that carried on transactions with its stockholders or with other corporations related by stock ownership, interlocking directorates or some. other method, or in case any person operates a division, branch,