"Municipal Taxable Income" for a taxpayer who is not an individual for the City is calculated as follows:
(A) "Income" reduced by "Exempt Income" to the extent otherwise included in income, multiplied by apportionment.
(1) "Income" for a taxpayer that is not an individual means the "Net Profit" of the taxpayer.
(Ord. 78-2015. Passed 11-2-15.)