31-15 Municipal Income Tax - Laserfiche WebLink

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(a) All income, qualifying wages, commissions, other compensation and other income fi•om whatever source received by residents of Lakewood. (b) All salaries, wages, commissions, other compensation and other income from whatsoever source received by nonresidents for work done or services per- formed or rendered or activities conducted in Lakewood. (c) The portion attributable to the City of the net profits of all businesses, asso- ciations, professions, corporations, or other entities, from sales made, work done, services performed or rendered, and business or other activities conducted in Lakewood. (Ord. 71 -10. Passed 11- 1 -10.) 128.03102 MANAGER. "Manager" means any of the employer's officers, responsible persons, employ- ees 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. (Ord. 71 -10. Passed 11- 1 -10.) 128.0311 NET PROFITS. "Net profits" means, for taxable years prior to 2004, a net gain from the opera- tion 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 (that is, cash or accrual) system used by the taxpayer for federal in- come tax proposes 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. (For taxable years 2004 and later, see "adjusted federal taxable hnconne ".) (Ord. 71 -10. Passed l l- 1 -10.) 128.0312 NONRESIDENT. "Nonresident" means an individual domiciled outside the City of Lakewood. (Ord. 71 -10. Passed 11- 1 -10.) 128.0313 NONRESIDENT UNINCORPORATED BUSINESS ENTITY. "Nonresident unincorporated business entity" means an unincorporated business entity not having an office or place of business within the City of Lakewood. (Ord. 71 -10. Passed 11- 1 -10.) 128.03131 PASS - THROUGH ENTITY. "Pass- through entity" means a partnership, S corporation, limited liability com- pany, or any other class of entity the income or profits from which are given pass - through treatment under the Internal Revenue Code. Unless otherwise spec- ified, for purposes of this chapter, the tax treatment for pass- throughs is the same as "association ". (Ord. 71 -10. Passed 11- 1 -10.) 128.0314 PERSON. "Person" means every natural person, partnership, fiduciary, association or cor- poration. Whenever used in any clause prescribing and imposing a penalty, the term "per- son" , as applied to any unincorporated entity, shall mean the partners or mem- bers thereof, and as applied to corporations the officers thereof. (Ord. 71 -10. Passed 11- 1 -10.) 128.0315 PLACE OF BUSINESS. "Place of business" means any bona fide office (other than a mere statutory of- fice), factory, warehouse or other space which is occupied and used by the tax- payer in carrying on any business activity individually or through one or more of his regular employees regularly in attendance. (Ord. 71 -10. Passed 11- 1 -10.) 128.03151 QUALIFYING WAGE 13