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i I i I_' I. i <br />;~.. ; I- lj <br />(f) On the portion attributable to the Municipality pursuant to the terms of this <br />chapter and including: <br />(1) Income earned by a taxpayer from a royalty interest in the production of an <br />oil or gas well whether managed, extracted or operated by the taxpayer individually or <br />through an agent or other representative, shall be included in the computation of net <br />profits from a business activity. to the extent that such royalty interest constitutes a <br />business activity of the taxpayer. Where the gross income received by a taxpayer from <br />a royalty interest in the production of an oil or gas well in a taxable year exceeds three <br />thousand dollars ($3,000), it shall be prima facie evidence that the income was derived <br />from a business activity of such taxpayer and the net income from such royalty interest <br />shall be subject to tax. <br />(2) The employer's income derived from finance and carrying charges <br />associated with their consumer's accounts receivable. <br />(Ord. 84-41. Passed 12-17-84.) <br />X:1Ma~eId~MFV Legis12004 LegislSection175.O5.Ot.wpd <br />