There is levied upon and shall be collected from any person engaging or continuing in any business or other activities set forth in Section 787.03, annual privilege taxes in an amount to be determined by the application of the rate hereinafter set forth in this section against values or gross income of the taxpayer for the tax year. The rates to be applied against values or gross income of the taxpayer are as follows:
(a) For a taxpayer classified under Section 787.03(a) the rate of tax shall be one dollar ($1.00) per one hundred dollars ($100.00) of values or gross income.
(b) For a taxpayer classified under Section 787.03
(b) the rate of tax shall be twenty-eight cents ($.28) per one hundred dollars ($100.00) of values or gross income.
(c) For a taxpayer classified under Section 787.03
(c) the rate of tax shall be thirty-six and one half cents ($.365) per one hundred dollars ($100.00) of values or gross income except that in the case of a taxpayer classified as a wholesaler or jobber, the rate of tax shall be ($.15) per one hundred dollars ($100.00) of values or gross income.
(Ord. 14645. Passed 12-16-14.)
(Ord. 14645. Passed 12-16-14.)
(d) For a taxpayer classified under Section 787.03
(d) the rate of tax shall be two dollars ($2.00) per one hundred dollars ($100.00) of values or gross income.
(Ord. 13226. Passed 6-6-06.)
(e) For a taxpayer classified under Section 787.03
(e) the rate of tax shall be fifty cents ($.50) per one hundred dollars ($100.00) of values or gross income. (Ord. 6941. Passed 1-20-80.)
(f) For a taxpayer classified under Section 787.03
(f) the rate of tax shall be eighty-eight cents ($.88) per one hundred dollars ($100.00) of values or gross income.
(g) For a taxpayer classified under Section 787.03
(g) the rate of tax shall be seventy-three cents ($.73) per one hundred dollars of values or gross income.
(h) For a taxpayer classified under Section 787.03
(h) the rate of tax shall be ninety-four cents ($.94) per one hundred dollars ($100.00) of values or gross income received from interest, premiums, discounts, dividends, service fees or charges, commissions, fines, rents from real or tangible personal property, however denominated, royalties, charges for bookkeeping or data processing, receipts from check sales, charges or fees, and receipts from the sale of tangible personal property. Provided, however, that gross income shall not include:
(1) Interest received on the obligations of the United States, its Agencies and instrumentalities;
(2) Interest received on the obligations of this or any other state, territory or possession of the United States, or any political subdivision of any of the foregoing or of the District of Columbia; or
(3) Interest received on investments or loans primarily secured by first mortgages or deeds of trust on residential property occupied by nontransients, provided, however, that all interest derived on activities under subsection (3) shall be reported, as to amounts on a return of a person taxable under the provisions of this subsection.
(Ord. 14645. Passed 12-16-14.)
(Ord. 14645. Passed 12-16-14.)