175.0501 RATE AND INCOME TAXABLE.
An annual tax for the purposes specified in Section 175.0101 hereof shall be imposed on and after July 1, 1980, at the rate of two percent (2%) per annum upon the following:
(Ord. 2009-69. Passed 2-15-10.)
(a) On all taxable income earned on and after January 1, 1972, by residents of the Municipality.
(b) On all taxable income earned on and after January 1, 1972, by nonresidents of the Municipality for work done or services performed or rendered within the Municipality.
(c) (1) On the portion attributable to the Municipality on the net profits earned on and after January 1, 1972, of all resident unincorporated business entities or professions or other activities, derived from sales made, work done, services performed or rendered and business or other activities conducted in the Municipality.
(2) On the portion of the distributive share of the net profits earned on and after January 1, 1972, of a resident partner or owner of a resident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity by the Municipality.
(d) (1) On the portion attributable to the Municipality of the net profits earned on or after January 1, 1972, of all nonresident unincorporated business entities, professions or other activities, derived from sales made, work done, services performed or rendered and business and other activities conducted in the Municipality, whether or not such unincorporated business entity has an office or place of business in the Municipality.
(2) On the portion of the distributive share of the net profits earned on and after January 1, 1972, of a resident partner or owner of a nonresident unincorporated business entity not attributable to the Municipality and not levied against such unincorporated business entity by the Municipality.
(e) On the portion attributable to the Municipality of the net profits earned on and after January 1, 1972, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the Municipality, whether or not such corporations have an office or place of business in the Municipality.
(f) On the portion attributable to the Municipality pursuant to the terms of this chapter and including:
(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, 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) The employer's income derived from finance and carrying charges associated with their consumer's accounts receivable.
(Ord. 2004-23. Passed 7-19-04.)
(g) On all taxable income earned by a non-resident individual who works thirteen days or more in the Municipality, the employer of said individual shall begin withholding the Municipality’s municipal income tax from remuneration paid by the employer to the individual, and shall remit the withheld income tax to the Municipality in accordance with the requirements of this chapter. Since the individual can no longer be considered to be an occasional entrant, the employer is further required to remit taxes on income earned in the Municipality by the individual for the first twelve days. If the individual is self-employed, it shall be the responsibility of the individual to remit the appropriate income tax to the Municipality in accordance with the requirements of this chapter.
(Ord. 2005-05. Passed 1-24-05.)