36-2023 - Amend Tax Code re: HB 33

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DocuSign Envelope ID: D733A3F0-EC57-49D6-A4C4-7A15E4E44C25 own directly, indirectly, beneficially, or constructively, in the aggregate, at least fifty per cent of the value of the taxpayer's outstanding stock; (2) A stockholder, or a stockholder's partnership, estate, trust, or corporation, if the stockholder and the stockholder's partnerships, estates, trusts, or corporations own directly, indirectly, beneficially, or constructively, in the aggregate, at least fifty per cent of the value of the taxpayer's outstanding stock; (3) A corporation, or a party related to the corporation in a manner that would require an attribution of stock from the corporation to the party or from the party to the corporation under division (hh)(4) of this section, provided the taxpayer owns directly, indirectly, beneficially, or constructively, at least fifty per cent of the value of the corporation's outstanding stock; Section 10. That new Section 128.030)(19) Definitions, of the Lakewood Codified Ordinances is hereby enacted to read as follows: 128.030) EXEMPT INCOME (19) Income from disaster work: (A) Income derived from disaster work conducted in Ohio by an out-of-state disaster business during a disaster response period pursuant to a qualifying solicitation received by the business; (B) Income of a qualifying employee described in division (A) (14) (a) of section 5703.94 of the ORC, to the extent such income is derived from disaster work conducted in Ohio by the employee during a disaster response period pursuant to a qualifying solicitation received by the employee's employer, and/or for work on critical infrastructure owned or used by the employee's employer described in (A) (14) (b) of section 5703.97. (C) For purposes of this section, ''Out-of-state disaster business," "qualifying solicitation," "qualifying employee," "disaster work," "critical infrastructure," and "disaster response period" have the same meanings as in section 5703.94 of the Revised Code. Section 11. That new Section 128.044 Remote Employee, Remote Locations, and Reporting, of the Lakewood Codified Ordinances is hereby enacted to read as follows: 128.044 REMOTE EMPLOYEE, REMOTE LOCATIONS, AND REPORTING. (a)(1) As used in this section: A. "Qualifying remote employee or owner" means an individual who is an employee of a taxpayer or who is a partner or member holding an ownership interest in a taxpayer that is treated as a partnership for federal income tax purposes, provided that the individual meets both of the following criteria: (i) The taxpayer has assigned the individual to a qualifying reporting location. (ii) The individual is permitted or required to perform services for the taxpayer at a qualifying remote work location. B. "Qualifying remote work location" means a permanent or temporary location at which an employee or owner chooses or is required to perform services for the taxpayer, other than a reporting location of the taxpayer or any other location owned or controlled by a customer or client