An annual tax for the purposes specified in this chapter shall be imposed on and after January 1, 2015 until December 31, 2019, at a rate of one percent (1%) per annum upon the following:
(a) On all salaries, wages, commissions and other compensation earned on and after January 1, 2003 and on lottery, internet café, and entertainment device/video arcade and gambling winnings in excess of $10,000.00 received on and after January 1, 2012, by residents of the Village of Wakeman;
(b) On all salaries, wages, commissions and other compensation earned on and after January 1, 2003, by nonresidents of the Village of Wakeman for work done or services performed or rendered within the Village of Wakeman, and on lottery, internet cafe, and entertainment device/video arcade and gambling winnings in excess of $1,000.00 $10,000.00 winnings received by nonresidents within the Village of Wakeman on and after January 1, 2012;
(c) (1) On the portion attributable to the Village of Wakeman on the net profits earned on and after January 1, 2003, 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 Village of Wakeman;
(2) On the proportion of the distributive share of the net profits earned on and after January 1, 2003, of a resident, partner or owner of a resident unincorporated business entity not attributable to the Village of Wakeman and not levied against such unincorporated business entity by the Village of Wakeman;
(d) (1) On the portion attributable to the Village of Wakeman of the net profits earned on or after January 1, 2003, 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 Village of Wakeman, whether or not such unincorporated business entity has an office or place of business in the Village of Wakeman;
(2) On the portion of the distributive share of the net profits earned on or after January 1, 2003, of a resident partner or owner of a nonresident unincorporated business entity not attributable to the Village of Wakeman and not levied against such unincorporated business entity by the Village of Wakeman;
(e) On the portion attributable to the Village of Wakeman of the net profits earned on and after January 1, 2003, of all corporations derived from sales made, work done, services performed or rendered and business or other activities conducted in the Village of Wakeman whether or not such corporations have an office or place of business in the Village of Wakeman.
(1) Lottery, internet café and entertainment device/video arcade and gambling losses are deductible against lottery, internet cafe, and entertainment device/video arcade and gambling winnings. The Administrator shall provide rules and regulations to determine such losses.
(Res. 2014-R-1. Passed 2-3-14.)