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128.1106 BUSINESS LOSSES.
   Each taxpayer may offset business losses against business net profits from any business conducted in the Municipality or in any Municipality that does not levy an income tax on net profits therefrom. However, a loss from the operation of a business may not be used to offset the income on a taxpayer's W-2 and/or 1099 forms.
(Ord. 71-10. Passed 11-1-10.)