(A) For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
BUSINESS ALLOCATION PERCENTAGE. The average percentage arrived at by applying the formula set forth herein. 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 Village of Smithville within the meaning of the provisions hereof.
PLACE OF BUSINESS.
(a) Any bonafide 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 Smithville solely by consigning goods to an independent factor or contractor outside the Village for sale.
TAXPAYER, ASSOCIATION, BUSINESS, CORPORATION, EMPLOYEE, EMPLOYER, NET PROFITS, NON-RESIDENT, PERSON, RESIDENT, OTHER ENTITY. The same as set forth herein.
(B) The singular shall include the plural and the masculine shall include feminine and the neuter.
(Res. 1976-55, passed 12-13-1976)