An annual tax for the purposes specified in Section 181.02 hereof shall be imposed on or after December 31, 1978, at the rate of one percent per annum, upon the following:
(a) On all salaries, wages, commissions and other compensation earned on and after December 31, 1978, by residents of the Municipality; on or after January 1, 2004, on qualified wages earned by residents of the municipality.
(b) On all salaries, wages, commissions and other compensation earned on and after December 31, 1978, by nonresidents for work done or services performed in the Municipality; on or after January 1, 2004, on qualified wages earned by nonresidents for work done or services performed in the municipality.
(c) On the portion attributable to the Municipality of the net profits earned on and after December 31, 1978, of all resident unincorporated businesses, professions or other activities, derived from work done or services performed or rendered and business or other activities conducted in the Municipality.
(d) On the portion of the distributive share of the net profits earned on and after December 31, 1978, of a resident partner or owner of a all resident unincorporated businesses entity, professions or other activities, derived from work done or services performed or rendered and business or other activities conducted in the not attributable to the municipality and not levied against such unincorporated business entity.
(e) On the portion attributable to the Municipality of the net profits earned on and after December 31, 1978, of all nonresident unincorporated businesses, professions or other activities, derived from work done or services performed or rendered and business activities, conducted in the Municipality, whether or not such unincorporated business entity has an office or place of business in the Municipality.
(f) On the portion of the distributive share of the net profits earned on and after December 31, 1978, 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.
(g) On the portion attributable to the Municipality of the net profits earned on and after December 31, 1978, of all corporations derived from work done or 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.
(h) The portion of the net profits attributable to the Municipality of a taxpayer conducting a business, profession or other activity both within and without the boundaries of the Municipality shall be determined as provided in Ohio R. C. 718.02 and in accordance with the rules and regulations adopted by the Tax Administrator pursuant to Section 181.09(b).
(i) On and after January 1, 2003, in the case of a pass-through entity, income of a pass-through entity in the hands of the owners of the entity and not income in the hands of the entity.
(j) Lottery winnings and other winnings from gambling or games of chance. Losses therefrom shall be deductible only to the extent of winnings.
(Ord. 04-114. Passed 5-5-05; Ord. 09-114. Passed 5-7-09.)
(k) Loss Carry-Forward:
(1) The portion of a net operating loss sustained in any taxable year subsequent to 2010, allocable to the Village, may be applied against the portion of the profit of succeeding years allocable to the Village, until exhausted, but in no event for more than 3 taxable years. No portion of a net operating loss shall be carried back against net profits of any prior year.
(2) The portion of a net operating loss sustained shall be allocated to this Municipality in the same manner as provided herein for allocating net profits to the Village.
(3) The Administrator shall provide, by rules and regulations, the manner in which such net operating loss carry-forward shall be determined.
(4) Losses incurred by a taxpayer who also has income from employment, as shown on a taxpayer’s W-2 Form, may not be used to reduce a taxpayer’s income as shown on the W-2 Form.
(Ord. 11-108. Passed 6-2-11.)