2023-143 Ordinance - Laserfiche WebLink

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(d) The limited liability company was not formed for the purpose of evading or reducing Ohio municipal corporation income tax liability of the limited liability company or its single member. (e) The Ohio municipal corporation that was the primary place of business of the sole member of the limited liability company consented to the election. (ii) For purposes of division (C)(48)(b)(i)(e) of this section, a municipal corporation was the primary place of business of a limited liability company if, for the limited liability company's taxable year ending in 2003, its income tax liability was greater in that municipal corporation than in any other municipal corporation in Ohio, and that tax liability to that municipal corporation for its taxable year ending in 2003 was at least $400,000. (49) "Taxpayers' rights and responsibilities" means the rights provided to taxpayers in Sections 1501.09, 1501.12, 1501.13, 1501.19(6), 1501.20, 1501.21, and Sections 5717.011 and 5717.03 of the ORC, and the responsibilities of taxpayers to file, report, withhold, remit, and pay municipal income tax and otherwise comply with Chapter 718. of the ORC and resolutions, ordinances, and rules and regulations adopted by City for the imposition and administration of a municipal income tax. (50) "Video lottery terminal" has the same meaning as in Section 3770.21 of the ORC. (51) "Video lottery terminal sales agent" means a lottery sales agent licensed under Chapter 3770. of the ORC to conduct video lottery terminals on behalf of the state pursuant to Section 3770.21 of the ORC. (Ord. 2015-104. Passed 12-15-15.) 1501.03 IMPOSITION OF INCOME TAX. The income tax levied by the City at a rate of two percent [2%] is levied on the Municipal Taxable Income of every person residing in and/or earning and/or receiving income in the City. Individuals. (A) For residents of the City, the income tax levied herein shall be on all income, salaries, qualifying wages, commissions, and other compensation from whatever source earned or received by the resident, including the resident's distributive share of the net profit of pass-through entities owned directly or indirectly by the resident and any net profit of the resident. This is further detailed in the definition of income (Section 1501.02 (C)(16)). (B) For nonresidents, all income, salaries, qualifying wages, commissions, and other compensation from whatever source earned or received by the nonresident for work done, services performed or rendered, or activities conducted in the municipal corporation, including any net profit of the nonresident, but excluding the nonresident's distributive