§ 192.036 INDIVIDUALS.

   (a)   For residents of the city, the income tax levied in this chapter shall be on all income, salaries, qualifying wages, commissions, and other compensation from whatever source earned or received by the resident, including the resident’s distributive share of the net profit of pass-through entities owned directly or indirectly by the resident and any net profit of the resident. This is further detailed in the definition of INCOME in § 192.002 of this chapter.

   (b)   For nonresidents, all income, salaries, qualifying wages, commissions, and other compensation from whatever source earned or received by the nonresident for work done, services performed or rendered, or activities conducted in the municipal corporation, including any net profit of the nonresident, but excluding the nonresident’s distributive share of the net profit or loss of only pass-through entities owned directly or indirectly by the nonresident.

   (c)   For residents and nonresidents, income can be reduced to MUNICIPAL TAXABLE INCOME as defined in § 192.002 of this chapter. Exemptions which may apply are specified in the definition of EXEMPT INCOME in § 192.002 of this chapter.

(Ord. 52-15, passed 11-4-2015)