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(43n) "INTANGIBLE INCOME" means income of any of the following types:
<br />income yield, interest, capital gains, dividends, or other income arising from the
<br />ownership, sale, exchange, or other disposition of intangible property including,
<br />but not limited to, investments, deposits, money, or credits as those terms are de-
<br />fined in Chapter 5701 of the Ohio Revised Code, and patents, copyrights,
<br />trademarks, trade names, investments in real estate investment trusts, invest-
<br />ments in regulated investment companies, and appreciation on deferred compen-
<br />sation. "Intangible income" does not include prizes, awards, or other income as-
<br />sociated with any lottery winnings, gambling winnings, or other similar games
<br />of chance.
<br />( o) "INTERNAL REVENUE CODE" means the "Internal Revenue Code of
<br />1986," 100 Sta. 2085, 26 U.S.C.A. 1, as amended.
<br />(47p) "LIMITED LIABILITY COMPANY" means a limited liability company
<br />formed under Chapter 1705 of the Ohio Revised Code or under the laws of an-
<br />other state.
<br />(48g) "LOCAL BOARD OF TAX REVIEW" and "BOARD OF TAX RE-
<br />VIEW" means the entity created under Section 128.18 of this Chapter..
<br />(19r) "MUNICIPAL CORPORATION" means, in general terms, a status con-
<br />ferred upon a local govermnent unit, by state law giving the unit certain auton-
<br />omous operating authority such as the power of taxation, power of eminent do-
<br />main, police power and regulatory power, and includes a joint economic devel-
<br />opment district or joint economic development zone that levies an income tax
<br />under section 715.691, 715.70, 715.71, or 715.74 of the Ohio Revised Code.
<br />(28s) (AI) "MUNICIPAL TAXABLE INCOME" means the following
<br />(3A) For a person other than an individual, income reduced by
<br />exempt income to the extent otherwise included in income and
<br />then, as applicable, apportioned or sitused to the Municipality
<br />under Section 128.062 of this Chapter, and further reduced by
<br />any pre -2017 net operating loss carryforward available to the
<br />person for the Municipality.
<br />(#B) (a)-For an individual who is a resident of a Munici-
<br />pality other than a qualified municipal corporation,
<br />income reduced by exempt income to the extent oth-
<br />envise included in income, then reduced as provided
<br />in division (20s)(132) of this section, and further re-
<br />duced by any pre -2017 net operating loss canyfor-
<br />ward available to the individual for the Municipality.
<br />(b) Fore individual who is a resident of e e alifned
<br />municipal corporation, Ohio adjusted gross
<br />reduced by income meted and increased Inn de
<br />dnctions -e", dea by a.e qualified municipal ,
<br />ration ftem the qualified murrieipal corporation's ta)
<br />on-eF- befar"ee mbe. 31 2013. If a qualified m
<br />ffieipal corporation, on or before December 31, 2013,
<br />apts hicame earned by individuals who are not
<br />residents of the qualified municipal corporation d
<br />net fit nn hall located with
<br />in the quali A munieipalco
<br />she]] on she have .n eel taxable income
<br />31
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