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M.V. ORDINANCE N0. 84-41 <br />Page -2- <br />taxpayer individually or through an agent or other <br />representative, shall be included in the computation of <br />net profits from a business activity to the extent that <br />such royalty interest constitutes a business activity of <br />the taxpayer. Where the gross income received by a <br />taxpayer from a royalty interest in the production of an <br />oil or gas well in a taxable year exceeds $3,000.00, it <br />shall be prima facie evidence that the income was derived <br />from a business activity of such taxpayer and the net <br />income from such royalty interest shall be subject to tax. <br />(2) The employer's income derived from finance and <br />carrying charges associated with theirconsumer's accounts <br />receivable. <br />Section 4. Section 175.1101 of the Codified Ordinances of <br />Mayfield Village, Ohio, is hereby amended to read as follows: <br />(New material appears like THIS and deleted material appears like <br />~i~~s) <br />175.1101 Time of Making Return. <br />Each taxpayer, EXCEPT AS HEREIN PROVIDED, shall, whether or <br />not a tax is due thereon, make and file a return on or before <br />April 30, of each year thereafter. When the return is made for a <br />fiscal year or other period different from the calendar year, the <br />return shall be filed within four months from the end of such <br />fiscal year or period. ANY PERSON WHO HAS NO INCOME NEED NOT <br />FILE AN ANNUAL RETURN. ANY PERSON WHO HAS EXEMPT INCOME MUST <br />FILE A RETURN AND DECLARE TO THE ADMINISTRATOR THE NATURE OF HIS <br />EXEMPTION. ANY PERSON WHO HAS TAXABLE INCOME MUST FILE A TAX <br />RETURN WITH THE TAX ADMINISTRATOR. <br />Section 5. Section 175.1301(c) of the Codified Ordinances <br />of Mayfield Village, Ohio, is hereby enacted to read as follows: <br />175.1301 Payment on Filing. <br />~ ~ ~c <br />(c) If an employer which is liable for tax obligations <br />imposed by this ordinance undergoes a fundamental change, <br />then the employer and its manager shall be liable for taxes <br />due up to the date of the fundamental change. Taxes and <br />final tax returns shall be due immediately after the <br />fundamental change. Any successor employer shall withhold <br />from any purchase price that the successor owes to the <br />predecessor an amount sufficient to pay all unpaid taxes, <br />interest and penalty which the predecessor employer owes <br />pursuant to this ordinance. The successor employer shall <br />make such withholding until such time that the predecessor <br />