An annual tax for the purposes specified in § 151.01
hereof shall be imposed on and after January 1,1970, at the rate of 1% per annum; provided that on and after January 1, 2005, the total tax shall be 2% per annum. The tax shall be imposed on all taxable income as follows:
(a) On all qualifying wages, commissions, lottery winnings, gambling winnings and other compensation earned and/or received by residents of the Municipality.
(b) On all qualifying wages, commissions, lottery winnings, gambling winnings and other compensation earned and/or received by non-residents of the Municipality for work done or services performed or rendered within the Municipality or attributable to the Municipality; or for an employer with an office or place of business within the Municipality; and other compensation, lottery winnings and gambling winnings when the source of entitlement or activity conducted is located or occurs within the Municipality.
(c) Lottery and gambling losses are deductible against lottery and gambling winnings. The Administrator shall provide rules and regulations to determine such losses.
(d) (1) On the portion attributable to the Municipality on the net profits earned and/or received of all resident unincorporated business entities or professions or other activities conducted in the Municipality.
(2) On the portion of the distributive share of the net profits earned and/or received of a resident partner or owner of a resident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity.
(3) On the portion of the distributive share of the net profits earned and/or received of a resident partner or owner of a nonresident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity.
(4) On the portion attributable to the Municipality of the net profits earned and/or received 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 Municipality whether or not such unincorporated business entity has an office or place of business in the Municipality.
(5) On the portion attributable to the Municipality of the net profits earned or received of all C corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the Municipality whether or not such corporations have an office or place of business in the Municipality.
(Ord. 512. Passed 12-15-69; Am. Ord. 2187. Passed 2-12-04; Am. Ord. 2206. Passed 5-13-04; Am. Ord. 2345. Passed 6-8-06.)