An annual tax for the purposes specified in Section 882.02 shall be imposed on and after July 1, 2018, at the rate of two and one-half percent per annum upon the following:
(a) On all salaries, wages, commissions and other compensation earned on and after July 1, 2018, by residents of the Village of Brooklyn Heights.
(b) On all salaries, wages, commissions and other compensation earned on and after July 1, 2018, by nonresidents of the Village for work done or services performed or rendered within the Village.
(c) (1) On the portion attributable to the Village on the net profits earned on and after July 1, 2018, 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.
(2) On the portion of the distributive share of the net profits earned on and after July 1, 2018, of a resident partner or owner of a resident unincorporated business entity not attributable to the Village and not levied against such unincorporated business entity by the Village.
(d) (1) On the portion attributable to the Village of net profits earned on or after July 1, 2018, 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, whether or not such unincorporated business entity has an office or place of business in the Village.
(2) On the portion of the distributive share of the net profits earned on and after July 1, 2018, of a resident partner or owner of a non-resident unincorporated business entity not attributable to the Village and not levied against such unincorporated business entity by the Village.
(e) On the portion attributable to the Village of the net profits earned on and after July 1, 2018, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the Village, whether or not such corporations have an office or place of business in the Village.
(f) On the portion attributable to the Village pursuant to the terms of this chapter, and including:
(1) Royalty income. Income earned by a taxpayer from a royalty interest in the production of an oil or gas well, whether managed, extracted or operated by the taxpayer, individually or through an agent or other representative, shall be included in the computation of net profits from a business activity to the extent that such royalty interest constitutes a business activity of the taxpayer. Where the gross income received by a taxpayer from a royalty interest in the production of an oil or gas well in a taxable year exceeds three thousand dollars ($3,000), it shall be prima-facie evidence that the income was derived from a business activity of such taxpayer and the net income from such royalty interest shall be subject to tax.
(2) Finance and carrying charge income. The employer's income derived from finance and carrying charges associated with his or her consumers' accounts receivable.
(Ord. 89-96. Passed 11-6-96; Ord. 07-2018. Passed 2-6-18; Ord. 55-2018. Passed 8-7-18.)