An annual tax for the purpose specified in Section 890.01 shall be imposed on and after April 1, 1982, at the rate of two and one half percent per year upon the following:
(a) On all salaries, wages, commissions and other compensation, including, but not limited to, income derived from gaming, wagering, lotteries or schemes of chance, earned on and after April 1, 1982, by residents of the City;
(Ord. 1997-54. Passed 6-18-97.)
(b) On all salaries, wages, commissions and other compensation earned on and after April 1, 1982, by nonresidents of the City for work done or services performed or rendered in the City;
(c) On the portion attributable to the City of the net profits earned on and after April 1, 1982, by all resident unincorporated business entities, professions or other activities, such net profits derived from sales made, work done, services performed or rendered and business or other activities conducted in the City;
(d) On the portion of the distributive share of the net profits earned on and after April 1, 1982, by a resident partner or owner of a resident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity by the City;
(e) On the portion attributable to the City of the net profits earned on and after April 1, 1982, by all nonresident unincorporated business entities, professions or other activities, such net profits derived from sales made, work done, services performed or rendered and business and other activities conducted in the City, whether or not such unincorporated business entity has an office or place of business in the City;
(f) On the portion of the distributive share of the net profits earned on and after April 1, 1982, by a resident partner or owner of a nonresident unincorporated business entity not attributable to the City and not levied against such unincorporated business entity by the City; and
(g) On the portion attributable to the City of the net profits earned on and after April 1, 1982, by all corporations, such net profits derived from sales made, 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.
(Ord. 1982-1. Passed 1-5-82.)
(h) On the portion attributable to the City of the following:
(1) Income earned by a taxpayer from a royalty interest in the production of an oil or gas well, whether managed, extracted or operated by the taxpayer individually or through an agent or other representative, which income shall be included in the computation of net profits from a business activity to the extent that such royalty interest constitutes a business activity of the taxpayer. Where the gross income received by a taxpayer from a royalty interest in the production of an oil or gas well in a taxable year exceeds three thousand dollars ($3,000), it shall be prima-facie evidence that the income was derived from a business activity of such taxpayer, and the net income from such royalty interest shall be subject to tax.
(2) An employer's income derived from finance and carrying charges associated with his or her consumers' accounts receivable.
(Ord. 1984-99. Passed 7-18-84.)