(a) Rate And Income Taxable. An annual tax for the purposes specified in this chapter shall be imposed on and after January 1, 2008 at the rate of one percent (1.0%) per annum upon the following:
(1) On all salaries, wages, commissions and other compensation earned on and after January 1, 2008, by residents of the Village of Ashville;
(2) On all salaries, wages, commissions and other compensation earned on or after January 1, 2008, by nonresidents of the Village of Ashville for work done or services performed or rendered within the Village of Ashville;
(3) A. On the portion attributable to the Village of Ashville on the net profits earned on and after January 1, 2008 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 Village of Ashville;
B. On the portion of the distributive share of the net profits earned on or after January 1, 2008, of a resident, partner or owner of a resident unincorporated business entity not attributable to the Village of Ashville and not levied against such unincorporated business entity by the Village of Ashville;
(4) A. On the portion attributable to the Village of Ashville of the net profits earned on or after January 1, 2008, 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 Village of Ashville, whether or not such unincorporated business entity has an office or place of business in the Village of Ashville;
B. On the portion of the distributive share of the net profits earned on or after January 1, 2008, of a resident, partner or owner of a nonresident unincorporated business entity not attributable to the Village of Ashville and not levied against such unincorporated business entity by the Village of Ashville.
(5) On the net profits on and after January 1, 2008, of all corporations, estates, trust and limited partnerships, derived from work done or services performed or rendered, ordinary gains from the operation of and/or the complete or partial sale or disposition of the assets of a business, profession, or enterprise or other activity (whether or not such business, profession, enterprise or other activity is conducted for profit or is ordinarily conducted for profit) and business or other activities conducted in the Village, whether or not such corporations, estates, trusts, and limited partnerships have their principal or other place of business located in the Village limits.
(6) On a resident’s entire share, whether distributed or not, of the net profits of a Subchapter S Corporation as defined in Section 1361 of the Internal Revenue Code. If a resident is a shareholder in two or more Subchapter S Corporations to be included in the same return, the resident’s share of the net loss of one Subchapter S Corporation (except any portion of a loss separately reportable for municipal tax purposes to another taxing entity) may be used to offset the resident’s share of the profits of another Subchapter S Corporation for purposes of arriving at overall net profits derived from Subchapter S Corporations. The tax imposed under this paragraph is effective for all accounting periods commencing on or after January 1, 2008. (Ord. 2007-16. Passed 12-17-07.)
(7) On all income from gambling winnings and reported on IRS Form W-2G, Form 5754 and/or any other form from the Internal Revenue Service that reports winnings from gambling, except to the extent that they are excluded by Section 181.05
(a) Sources of Income Not Taxed of the Ordinance, by a resident of the Village of Ashville. No regard is given to losses or to the location where the gambling, lottery and/or sports winnings were received. (Ord. 2008-09. Passed 12-1-08.)
(b) Effective Period. Such tax shall be levied, collected, and paid with respect to the salaries, wages, commissions, and other compensation, and with respect to the net profits of business, professions, or other activities earned on or after January 1, 2008.
(Ord. 2007-16. Passed 12-17-07.)
(c) Mandatory Registration. Each new resident (home owner and/or renter) of the Village of Ashville shall register with the Village Income Tax Administrator, or its designee, to become subject to the Municipal income tax within thirty (30) days of residence in the Municipality.
(Ord. 2008-09. Passed 12-1-08.)