737.12 RENTALS AND ROYALTIES.
   Upon every person engaging or continuing within the municipality in the business of furnishing any real or tangible personal property which has a tax situs in the municipality, or any interest therein, for hire, loan, lease or otherwise, whether the return is in the form of rentals, royalties, fees or otherwise, the tax shall be zero percent (0.0%)of the gross income of any such activity. The term "tangible personal property", as used herein, shall not include money or public securities. (Ord. 172. Passed 3-21-06.)