An annual tax for the purposes specified in Section 181.01 hereof shall be imposed on and after May 1, 1987 at the rate of two percent (2%) per annum upon the following:
(a) On all salaries, wages, commissions and other compensation, lottery winnings, other gambling winnings, and other income earned or received on or after May 1, 1987 by residents of the City.
(b) On all salaries, wages, commissions, other compensation and other income earned or received on or after May 1, 1987 by non-residents of the City for work done or services performed or rendered or activities conducted within the City.
(c) On the portion attributable to the City on the net profits earned on and after May 1, 1987, of all resident unincorporated business entities or pass-through entities or professions or other activities derived from sales made, work done, services performed or rendered and business or other activities conducted in the City. The distributive share of the profits of a pass-through entity is to be taxed in the hands of the owner or partner, but the entity is still required to report all income and to pay any tax owed on said profits on behalf of the owner or partner.
(d) On the portion of the distributive share of the net profits earned on and after May 1, 1987 of a resident partner or owner of a resident association not attributable to the City and not levied against such association. The distributive share is to be taxed in the hands of the owner or partner, but the entity is still required to report and pay the tax on behalf of the owner or partner.
(e) On the portion attributable to the City of the net profits earned on and after May 1, 1987 of a resident partner or owner of resident unincorporated business entities or professions or pass-through entities or other activities derived from sales made, work done, services performed or rendered and business or other activities conducted in the City.
(f) On the portion of the distributive share of the net profits earned on and after May 1, 1987 of a resident partner or owner of a non-resident association not attributable to the City and not levied against such association.
(g) On the portion attributable to the City of Mentor of the net profits earned on and after May 1, 1981 of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the City of Mentor, whether or not such corporations have an office or place of business in the City of Mentor.
(h) Lottery and gambling losses are deductible against lottery and gambling winnings. The Administrator shall provide by rules and regulations the manner in which to determine such losses.
(1969 Code 92.03)