(a) In the case of a non-resident individual, partnership, association, fiduciary or other entity (other than a corporation) engaged in the conduct, operation or prosecution of any trade, business, profession, enterprise, undertaking or other activity, there is imposed an annual tax of one percent (1%) on the net profits (earned or accruing on and after January 1, 1972) of such trade, business, profession, enterprise, undertaking, or other activity if, and to the extent, conducted in or derived from activity in Edgerton.
(b) A non-resident entity within the meaning of Section 181.02(e) which has a branch or branches, office or offices and/or store or stores, warehouses, or other place or places in which the entity’s business is transacted, located in the Village of Edgerton, shall be considered to be conducting, operating, prosecuting, or carrying on a trade, business, profession, enterprise, undertaking or other activity to the full extent of the sum total of all transactions originating or consummated in, by or through such Edgerton branch, office, store, warehouse or other place of business, including:
(1) Billings made on such transactions, or
(2) Services rendered, or
(3) Shipments made, or
(4) Goods, chattels, merchandise, etc., sold, or
(5) Commissions, fees or other remuneration or payments earned.
(c) In the case of the partnership, association, or other unincorporated business owned by one or more persons the tax, generally, shall be upon said partnership, association, or business enterprise as an entity and not ordinarily upon the partners or members thereof. However, the provisions of Section 183.05 are applicable to render taxable against such resident partners or members their distributive share of any profits of such non-resident entity not taxable under the Ordinance.
(d) In determining the proportion or amount of the taxable net profits of a non-resident business entity having a place or places of business within and outside Edgerton, such business entity may at its option use and apply the Business Allocation Percentage Formula set forth in Section 181.02(h). For explanation of Formula, see Section 183.08.
(Res. 10-1971. Passed 12-27-71.)