(a) Rental income received by a taxpayer shall be included in the computation of net profits from business activities under Section 171.0501 (c), (d) and (e) only if and to the extent that the rental ownership, management or operations of the real estate from which such rentals are derived (whether so rented, managed or operated by a taxpayer individually or through agents or other representatives) constitutes a business activity of the taxpayer in whole or in part.
(b) Where the gross monthly rental of any and all real properties, regardless of number and value, aggregates in excess of Two Hundred Dollars ($200.00) per month, it shall be prima-facie evidence that the rental, ownership, management or operation of such properties is a business activity of such taxpayer, and the net income of such rental property shall be subject to tax; provided that in the case of commercial property, the owner shall be considered engaged in a business activity when the rental is based on a fixed or fluctuating percentage of gross or net sales, receipts or profits of the lessee, whether or not such rental exceeds Two Hundred Dollars ($200.00) per month. Further, the person who operates a licensed rooming house shall be considered in business whether or not the gross income exceeds Two Hundred Dollars ($200.00) per month. (Ord. 81-67. Passed 8-28-67.)
(c) On or before July 1, 2003, and subject to Subsection (f) below, all property owners of rental or leased residential property shall file with the Director of Finance a report showing the names, social security numbers and addresses of each such tenant who occupies residential premises within the corporate limits of the City as of July 1, 2003.
(d) Beginning July 1, 2003, and thereafter, and subject to Subsection (f) below, within thirty days after a new tenant occupies residential rental property of any kind within the City, all property owners of rental or leased residential property shall file with the Director of Finance a report showing the names, social security numbers and addresses of each tenant who occupies a residential premises within the corporate limits of the City.
(e) Beginning July 1, 2003, and thereafter, within thirty days after a tenant vacates a rental or leased residential property located within the City, all property owners of rental or leased residential property shall file with the Director of Finance a report showing the date of vacating from the rental or leased residential property and identifying such vacating tenant.
(f) Any tenant whose social security number is required to be reported by his or her landlord to the Director of Finance, pursuant to the Subsections above, may report such social security number directly to the Director of Finance in those circumstances where said tenant desires, for any reason whatsoever, not to reveal his or her social security number to his or her landlord. Any said tenant shall submit the required information on a timely basis as set forth in the Subsections above.
(g) Those owners of rental or leased residential property whose tenants and/or lessees avail themselves of the procedure set forth in Subsection (f) hereof are hereby exempted from the requirement of reporting social security numbers to the City.
(Ord. 97-03. Passed 6-23-03.)