Exceptions: The tax provided for herein shall not be levied on:
(a) The military pay or allowance of active members of the armed forces of the United States, including any bonus received through the Ohio Veterans Bonus Program.
(b) The gross income and gross receipts of religious, charitable, fraternal, scientific, literary or educational institutions to the extent that such income is derived from tax-exempt real estate, tax-exempt tangible or intangible property or tax-exempt activities.
(c) Unemployment insurance benefits, welfare benefits, and pensions paid as a result of retirement.
(d) Proceeds of insurance paid by reason of death of the insured; retirement disability benefits, annuities, or gratuities not in the nature of compensation for services rendered from whatever source derived;
(e) Alimony received.
(f) Receipts from seasonal or casual entertainment, amusements, fund raising, sports events and health and welfare activities when conducted by bona fide charitable, religious and educational organizations and associations.
(g) The income of individuals under eighteen years of age.
(h) Gains from involuntary conversion, cancellation of indebtedness, interest on federal obligations, items of income already taxed by the State from which the City of Stow is specifically prohibited from taxing, and income of a decedent's estate during the period of administration (except such income from the operation of a business).
(i) Salaries, income, wages, commissions and other compensation and net profits, the taxation of which is prohibited by the United States Constitution or by act of Congress limiting the power of the states or their political subdivisions to impose net income taxes on income derived from interstate commerce.
(j) Salaries, wages, commissions and other compensation, other income and net profits, including interest and dividends as provided in Ohio R.C. 718.01, the taxation of which is prohibited by the Constitution of the State or by any act of the Ohio General Assembly limiting the power of the City of Stow to impose net income tax.
(Ord. 2011-3. Passed 1-13-11.)
(Ord. 2011-3. Passed 1-13-11.)