(a) For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
(1) “Business allocation percentage” means the average percentage arrived at by applying the formula set forth in Section 181.03(h). The business allocation percentage is the percentage which may be applied to determine the portion of the entire net profits of a taxpayer to be allocated as having been made within the Municipality within the meaning of the provisions of Section 181.03.
(2) “Place of business” means:
A. Any bona fide office (other than a mere statutory office), factory, warehouse, or other space which is occupied and used by the taxpayer in carrying on any business activity individually or through one or more of his regular employees regularly in attendance.
B. A taxpayer does not have a regular place of business outside the Municipality solely by consigning goods to an independent factor or contractor outside the Municipality for sale.
(b) The definitions of the terms “taxpayer”, “association”, “business”, “corporation”, “employee”, “employer”, “net profits”, “nonresident”, “person”, “resident” and “other entity” shall be the same as set forth in Section 181.01.
(Res. 128. Passed 9-3-68.)