To provide additional funds for the purpose of general municipal operations, maintenance of equipment, new equipment, extension, enlargement and improvement of municipal services and facilities and capital improvements of the Village of Edgerton, there be, and hereby is levied a tax upon the earnings at the rate of three-quarters (3/4) of one percent (1%) per annum, beginning January 1, 2015 upon the following:
(a) On all qualifying wages, commissions, other compensation and other income earned or received on and after January 1, 2015, by resident individuals of the Municipality. For further clarification "income" includes, but is not limited to, lottery, gambling, and sports winnings, and games of chance, and no deductions shall be permitted against these sources of income. However, if the taxpayer is considered a professional gambler for federal income tax purposes, related deductions as permitted by the Internal Revenue Code shall be allowed against gambling and sports winnings.
(b) On all qualifying wages, commissions, other compensation and other income earned or received on and after January 1, 2015, by nonresident individuals of the Municipality, for work done or services performed or rendered in the Municipality.
(c) On the net profits attributable to the Municipality, earned or received on and after January 1, 2015, by all resident unincorporated businesses, professions, and other entities derived from sales made, work done or services rendered or performed and business or other activities conducted in the Municipality.
(d) On the portion of the distributive share of the net profits earned or received on and after January 1, 2015, by a resident individual, partner, or owner of a resident unincorporated business entity attributable to the Municipality and not levied against such unincorporated business entity.
(e) On the net profits attributable to the Municipality earned or received on and after January 1, 2015, by all nonresident unincorporated businesses, professions, or other activities, derived from sales made, work done or services performed or rendered and business or other activities conducted in the Municipality.
(f) On the portion of the distributive share of the net profits earned or received on and after January 1, 2015, by a resident individual, partner, or owner of a nonresident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity.
(g) On the net profits earned or received on and after January 1, 2015, by all corporations derived from sales made, work done or services performed or rendered and business or other activities conducted in the Municipality.
(h) The portion of the net profits attributable to the Municipality of a taxpayer conducting a business, profession or other activity both within and without the boundaries of the Municipality shall be determined as provided in Ohio R.C. 718.
(i) Pursuant to Ohio R.C. 718.01 et. seq. the Municipality does not allow net operating carryforward. (Ord. 947. Passed 12-15-14.)