An annual tax for the purposes specified in Section 181.0101 shall be imposed on and after January 1, 1969, at the rate of two percent per annum upon the following:
(Ord. 2009-02. Passed 1-12-09.)
(a) All salaries, wages, commissions and other compensation earned, including but not limited to earnings deposited by the employee into deferred compensation (including 401K and IRA retirement plans), dependent care plans, group legal plans, or medical coverage plans, on and after January 1, 1969, by residents of the City.
(b) All salaries, wages, commissions and other compensation earned, including but not limited to earnings deposited by the employee into deferred compensation (including 401K and IRA retirement plans), dependent care plans, group legal plans, or medical coverage plans, on and after January 1, 1969, by nonresidents for work done or services performed or rendered within the City.
(c) The portion attributable to the City on the net profits earned on and after January 1, 1969, of all resident unincorporated business entities or professions or other activities derived from sales made, work done, services performed or rendered and business or other activities conducted in the City.
(d) The portion of the distributive share of the net profits earned on and after January 1, 1969, of resident partners, resident S-corporation shareholders, or owners of a resident and nonresident unincorporated business entities and S- corporations not attributable to the City and not levied against such unincorporated business entity.
(e) The portion attributable to the City of the net profits earned on or after January 1, 1969, of all nonresident unincorporated business entities, professions or other activities, derived from sales made, work done, services performed or rendered and business and other activities conducted in the City whether or not such unincorporated business entity has an office or place of business in the City.
(f) All taxable income from lotteries, gaming, wagering, or schemes of chance received by residents of the City or received by nonresidents of the City within the City or on the basis of activity conducted within the City.
(g) The portion attributable to the City of the net profits earned on and after January 1, 1969, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the City, whether or not such corporations have an office or place of business in the City.
(h) The portion attributable to this Municipality of the income earned by a taxpayer on and after January 1, 1985, from a royalty interest in the production of an oil or gas well whether managed, extracted or operated by the taxpayer individually or through an agent or other representative, shall be included in the computation of net profits from a business activity to the extent that such royalty interest constitutes a business activity of the taxpayer.
Where the gross income received by a taxpayer from a royalty interest in the production of an oil or gas well in a taxable year exceeds three thousand dollars ($3,000), it shall be prima facie evidence that the income was derived from a business activity of such taxpayer and the net income from such royalty interest shall be subject to tax.
(i) The portion attributable to this Municipality of the employer’s income derived from finance and carrying charges on and after January 1, 1985, associated with their consumer’s accounts receivable.
(Ord. 2004-73. Passed 4-26-04.)