(1) On and after January 1, 1967 to and including December 31, 1982, at the rate of one percent (1%) per year upon the following:
(A) All salaries, wages, commissions and other compensation earned on and after January 1, 1967 to and including December 31, 1982, by residents of the City;
(B) All salaries, wages, commissions, and other compensation earned on or after January 1, 1967 to and including December 31, 1982, by nonresidents for work done or services performed or rendered in the City.
(C) (i) The portion attributable to the City of the net profits earned on and after January 1, 1967 to and including December 31, 1982, by all resident unincorporated businesses, professions or other activities, derived from work done, services performed or rendered and business or other activities conducted in the City;
(ii) The portion of the distributive share of the net profits earned on and after January 1, 1967 to and including December 31, 1982, by a resident partner or the owner of a resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity;
(D) (i) The portion attributable to the City of the net profits earned on and after January 1, 1967 to and including December 31, 1982, by all nonresident unincorporated businesses, professions or other activities, derived from work done, services performed or rendered and business or other activities conducted in the City, whether or not such unincorporated business entities have an office or place of business in the City;
(ii) The portion of the distributive share of the net profits earned on and after January 1, 1967 to and including December 31, 1982, by a resident partner or the owner of a nonresident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity; and
(E) The portion attributable to the City of the net profits earned on and after January 1, 1967 to and including December 31, 1982, by all corporations, derived from work done, services performed or rendered and business or other activities conducted in the City, whether or not such corporations have an office or place of business in the City.
(2) On and after January 1, 1983, at the rate of one and one-half percent (1.5%) per year upon the following:
(A) All qualifying wages, commissions, other compensation, and other taxable income earned or received by residents of the City;
(B) All qualifying wages, commissions, other compensation, and other taxable income earned or received by nonresidents for work done or services performed or rendered in the City;
(C) (i) The portion attributable to the City of the net profits earned by all resident unincorporated businesses, pass-through, professions or other activities, derived from work done, services performed or rendered and business or other activities conducted in the City;
(ii) The portion of the distributive share of the net profits earned by a resident partner or the owner of a resident unincorporated business entity or pass-through entity not attributable to the City and not levied against such unincorporated business entity;
(D) (i) The portion attributable to the City of the net profits earned by all nonresident unincorporated businesses, pass-through entities, professions or other activities, derived from work done, services performed or rendered and business or other activities conducted in the City, whether or not such unincorporated business entities have an office or place of business in the City;
(ii) The portion of the distributive share of the net profits earned by a resident partner or the resident owner of a nonresident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity; and
(E) The portion attributable to the City of the net profits earned by all corporations that are not pass-through entities, derived from work done, services performed or rendered and business or other activities conducted in the City, whether or not such corporations have an office or place of business in the City.
(b) The portion of the net profits attributable to the City of a taxpayer conducting a business, profession or other activity both within and without the boundaries of the City shall be determined as provided in Ohio Revised Code 718.02 and in accordance with the Rules and Regulations adopted by the Director of Taxation pursuant to this Chapter.
(1) A taxpayer shall be permitted to utilize any current year’s business loss to offset that year’s W-2 income to the extent of the amount of tax otherwise payable by that taxpayer in that tax year. This offset shall apply only to the W-2 income of the taxpayer who incurs the business loss.
(c) The tax provided for herein shall not be levied upon the sources of income specified in Ohio Revised Code 718.01 to the extent that such net profits are exempted from municipal income taxes under such section. The tax provided for herein shall not be levied upon the sources of income specifically excepted in the accompanying Rules and Regulations.
(d) The tax provided for herein shall be levied upon all gambling income as reported on Internal Revenue Service Form W-2G, Form 5754 and or any other Form required by the Internal Revenue Service that reports winnings from gambling, prizes and lottery winnings, and all income attributable to wagers of any kind, including winnings received from the Ohio State Lottery.