As used in this chapter, the following words will have the meaning ascribed to them in this section, except as and if the context clearly indicates or requires a different meaning. The singular includes the plural and the masculine includes the feminine and the neuter.
ADMINISTRATOR
The Income Tax Administrator referred to in Section 191.03.
ANNUAL RETURN DUE DATE
The 15th day of the fourth month following the end of the Applicable Tax Year.
APPLICABLE TAX YEAR
The Tax Year (Calendar Year or Fiscal Year) used by a Taxpayer for federal income tax purposes.
ASSOCIATION
A partnership, limited partnership, limited liability partnership, limited liability company or any other form of unincorporated enterprise other than one that has elected to be treated for the Applicable Tax Year as a Corporation for federal income tax purposes.
BOARD OF REVIEW
The Board created by and constituted as provided in Section 191.13.
BUSINESS
An enterprise, venture, activity, profession or undertaking of any nature conducted for profit or ordinarily conducted for profit; including, but not limited to, the renting or leasing of property, real, personal or mixed; whether by an individual, fiduciary, trust, Association, Corporation, or any other entity.
CALENDAR YEAR
An accounting period of twelve (12) months or less ending on December 31.
CITY
The City of Conneaut.
CORPORATION
A corporation or joint stock association organized under the laws of the United States, the State of Ohio, or any other state, territory, or foreign country or dependency, or a partnership electing to be treated for the Applicable Tax Year as a corporation for federal income tax purposes.
DIRECTOR
The City Director of Finance.
EMPLOYEE
One who works for Salary, Wages, Commission or Other Compensation in the service of an Employer.
EMPLOYER
An individual, association, corporation, governmental body, unit or agency, whether or not organized for profit, or any other entity that employs one or more persons on a Salary, Wage, Commission or Other Compensation basis.
FISCAL YEAR
An accounting period of twelve (12) months or less ending on any day other than December 31.
JOINT ECONOMIC DEVELOPMENT DISTRICT
A district created under Section 715.72 of the Revised Code.
JOINT ECONOMIC DEVELOPMENT ZONE
A district created under Section 715.691 of the Revised Code.
NET PROFITS
The net gains from the operation of a Business or other activity, after provision for all ordinary and necessary expenses either paid or accrued in accordance with the accounting system used by the Taxpayer for federal income tax purposes without deduction of taxes imposed by this chapter, federal, state or other taxes based on income; and in the case of an Association or Other Entity, without deduction of compensation paid to partners and other owners; and otherwise adjusted as required by this chapter.
NET PROFIT FROM RENTAL
The amount by which rental income exceeds rental expenses as set forth in the applicable federal form for the Taxpayer’s Applicable Tax Year.
NONRESIDENT
An individual, Association, Corporation or Other Entity that is not a Resident.
OTHER ENTITY
Any Person or unincorporated body not otherwise defined, including, inter alia, fiduciaries.
OWNER
A partner of a partnership, a shareholder of an S corporation, a member of a limited liability company, or other person with an ownership interest in a Pass-Through Entity.
PASS-THROUGH ENTITY
A partnership, S corporation (i.e., a corporation that has made an election under subchapter S of Chapter 1 of Subtitle A of the Internal Revenue Code for the Applicable Tax Year), limited liability company (i.e., a limited liability company formed under Chapter 1705 of the Revised Code or under the laws of another state), or any other class of entity the income or profits from which are given pass-through treatment under the Internal Revenue Code.
PERSON
Every individual, Association, Corporation or Other Entity. Whenever used in any clause prescribing and imposing a penalty, the term “person” as applied to an Association or Other Entity will mean the partners or members thereof and as applied to a Corporation, the officers thereof.
PLACE OF BUSINESS
Any bona fide office (other than a mere statutory office), factory, warehouse, or other space that is occupied and used by the Taxpayer in carrying on any Business activity individually or through one or more employees.
RESIDENT
An individual domiciled in the City or an Association, Corporation or Other Entity whose principal Place of Business is in the City. An individual who lives in the City during any period in which she performs work or renders services for compensation or who conducts a Business for profit will be considered a resident of the City for purposes of this chapter during such period; the place where the work is performed, the services rendered, or the Business is conducted is immaterial.
SALARIES, WAGES, COMMISSIONS AND OTHER COMPENSATION
All earnings, salaries, wages, commissions and other compensation, including but not limited to bonuses, fees, severance pay, sick pay, vacation pay, tips and all income earned but deferred under Sections 401(k), 403(b), 408(k), 414(h), 457 and 501 of the Internal Revenue Code of 1986, as amended from time to time, or other deferred compensation-type plans.
TAX YEAR
The Calendar Year or the Fiscal Year on the basis of which the Net Profits are to be computed under this chapter, and in the case of a return for a fractional part of a year, the period for which such return is required to be made. In the case of an individual, the Tax Year will be a Calendar Year.
TAXPAYER
A Person, whether an individual, Association, Corporation or Other Entity subject to the tax imposed by this chapter.
(Ord. 154-00. Passed 1-8-01.)