“Pass-through entity” means a partnership, limited liability company, S corporation or any other type of entity the income or profits of which are given pass- through treatment under the Internal Revenue Code. “Income from a pass-through entity” includes partnership income of partners, membership interests of members of a limited liability company, distributive shares of shareholders of an S corporation, or other distributive or proportionate ownership shares of income from other pass-through entities.
(Ord. No. 2208-04. Passed 12-13-04, eff. 12-17-04)