Municipal taxable income for a taxpayer who is not an individual for the municipality is calculated as follows:
(A) Income reduced by exempt income to the extent otherwise included in income, multiplied by apportionment, further reduced by any pre-2017 net operating loss carryforward equals municipal taxable income.
(1) Income for a taxpayer that is not an individual means the net profit of the taxpayer.
(Ord. 2015-112, passed 11-10-15)