2004 023 Ordinance - Laserfiche WebLink

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~ 1• i; '~ j IMPOSITION OF INCOME TAX 175.0501 RATE AND INCOME TAXABLE. An annual tax for the purposes specified in Section 175.0101 hereof shall be imposed on and after July 1, 1980, at the rate of one and one-half percent (1.5%) per annum upon the following: (Ord. 80-19. Approved by electors 6-3-80.) (a) On all taxable income earned on and after January 1, 1972, by residents of the Municipality. (b) On all taxable income earned on and after January 1, 1972, by nonresidents of the Municipality for work done or services performed or rendered within the Municipality. (c) (1) On the portion attributable to the Municipality on the net profits earned on and after January 1, 1972, of all resident unincorporated business entities or professions or other activities, derived from sales made, work done, services performed or rendered and business or other activities conducted in the Municipality. (2) On the portion of the distributive share of the net profits earned on and after January 1, 1972, of a resident' partner or owner of a resident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity by the Municipality. (d) (1) On the portion attributable to the Municipality of the net profits earned on or after January 1, 1972, of all nonresident unincorporated business entities, professions or other activities, derived from sales made, work done, services performed or rendered and business and other activities conducted in the Municipality, whether or not such unincorporated business entity has an office or place of business in the Municipality. (2) On the portion of the distributive share of the net profits earned on and after January 1, 1972, of a resident partner or owner of a nonresident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity by the Municipality. (e) On the portion attributable to~the Municipality of the net profits earned on and after January 1, 1972, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the Municipality, whether or not such corporations have an office or place of business in the Municipality. (Ord. 71-50. Passed 12-20-71.)