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• CITY OF NORTH OLMSTED ORDINANCE NO. 71-~~ ~ Page 7 Section 1501.0501 continued for work::done or services performed or rendered within the City of North Olmsted. (3) a. On the portion attributable to the City of North Olmsted 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 City of North Olmsted. b. On the portion of the distributive share of the net profits earned on and after January 1, 1972, of a resident partner or o~rvner of a resident unin- corporated business entity not attributable to the City of North Olmsted and not levied against such unincorporated business entity by the City of North Olmsted. (4) a. On the portion attributable to the City of North Olmsted of the net profits earned on or after January 1, 1972, of anon-resident unincorporated business entities, professions or other activities, derived from sales made, work done, services perfore~d or rendered and business and other activities conducted in the City of North Olmsted, whether or not such unincorporated business entity has an office or place of business in the City of North Olmsted. b. On the portion of the distributive share of the net profits earned on or before January 1, 1972, of a resident partner or owner of anon-resident unin- corported business entity not attributable to the City of North Olmsted and not levied against such unincorporated business entity by the City of North Olmsted. (5) On the portion attributable to the City of North Olmsted 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 con- ducted fn the City of North Olmsted, whether or not such corporations?iee~ee~n office or place of business in the City of North Olmsted. CHAPTER 7 , DETERMINATION OF ALLOCATION OF TAX Section 1501.0704 RENTALS Rental income received by a taxpayer shall be included in the computation of net profits from business activities under subparagraphs 3, 4 and 5 of Sect#x~n 1501.0501, only if and to the extent that the rental, ownership, management of operations of the real estate from which such reatals are derived (whether ago rented, managed, or operated by a taxpayer individually or through agents or -other representatives)constitutes abusiness activity of the taxpayer in whole or in part. Where the gross monthly rental of any and all real properties regardless of number and value, aggregates in excess of TWO HUNDRED FIFTY DOLLARS ( $250.00) per month, it shall be prima facia evidence that the rental, owner- ship, management or operation of such properties is a business activity of such taxpayer, and the net income of such rental property uJatall be subject to tax ;provided that in the case of commercial property, the owner shall be considered engaged in a business activity when the rental is based on a fixed or fluctuating percentage of gross or net sales, receipts or profits of the lessee, whether or not such rental exceeds TWO HUNDRED FIFTY DOLLARS (5250.00 ) per month ; Qrovided further~that in the case of farm property, the owner shall be considered engaged in a business activity when he shares in crops or when the rental is based on a percentage of the gross or net receipts derived from the