(a) An annual tax for the purposes as specified in Section 181.01 is imposed on and after November 11, 1969, at the rates indicated during the years indicated: 1% per year during each of the calendar years 1969 to 1977, inclusively: 1.5% per year during each of the calendar years 1978 to 2007, inclusively: 2% during each calendar year thereafter, per annum, on the following taxable income:
(Ord. 2007-04. Passed 2-20-07.)
(1) All salaries, income, wages, commissions and other compensation from whatever source, before any deduction, received by residents of the Village as adjusted in accordance with the provisions of this chapter, except the tax shall not be levied on expenses reported on Federal Form 2106, subject to audit and approval by the Village Income Tax Department.
(2) All salaries, income, wages, commissions, and other compensation from whatever source, before any deduction, received by nonresidents for work done or services performed or rendered or activities conducted in the Village as adjusted in accordance with the terms of this chapter, except that the tax shall not be levied upon expenses reported on Federal Form 2106, subject to audit and approval by the Village Income Tax Department.
(3) The portion attributable to the Village of the net profits of all resident unincorporated businesses, associations, professions or other entities, from sales made, work done, services performed or rendered and business or other activities conducted in the Village.
(4) The portion of the distributive share of the net profits of a resident partner or owner of a resident unincorporated business entity or association not attributable to the Village and not levied against such unincorporated business entity.
(5) The portion attributable to the Village of the net profits of all nonresident unincorporated businesses, professions, associations or other entities derived from sales made, work done, or services performed or rendered and business or other activities conducted in the Village, whether or not such unincorporated business entity has an office or place of business in the Village.
(6) The portion of the distributive share of the net profits of a resident partner or owner of a nonresident unincorporated business entity or association not attributable to the Village and not levied against such unincorporated business entity.
(7) The portion attributable to the Village of the net profits 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.
(Ord. 88-27. Passed 12-20-88.)
(8) The gross winnings from any Super Lotto Plus or Mega Millions Jackpot received by any resident of the Village.
(Ord. 2004-7. Passed 5-4-04.)
(b) The portion of the net profits attributable to the Village of a taxpayer conducting a business, profession or other activity both within and without the boundaries of the Village shall be determined as provided in Section 181.04 and in accordance with the regulations adopted by the Board of Review pursuant to this chapter.
(c) The Clerk shall have the authority to enter into an equitable agreement with municipal corporations for the distribution of the tax imposed on the salaries, income, wages, commissions, or other compensations received by residents or nonresidents of the Village employed within and outside the boundaries of the Village.
(Ord. 88-27. Passed 12-20-88.)