§ 886.03. Imposition of tax.

Subject to provisions of section 886.01, an annual tax shall be, and is hereby, levied on and after July 1, 2006, at the rate of one and one-half percent per annum upon the following:

(a)

On all qualifying wages, commissions, other compensation, and other taxable income earned or received by residents of the municipality.

(b)

On all qualifying wages, commissions, other compensation, and other taxable income earned or received by nonresidents for work done, or services performed or rendered, in the municipality.

(c)

On the portion attributable to the municipality of the net profits earned by all resident unincorporated businesses, pass-through entities, professions or other activities, derived from work done or services performed or rendered, and business or other activities conducted in the municipality. On the portion of the distributive share of the net profits earned by a resident owner of a resident unincorporated business entity or pass-through entity not attributable to the municipality and not levied against the unincorporated business entity or pass-through entity.

(d)

On the portion attributable to the municipality on the net profits by all non-resident unincorporated businesses, pass-through entities, professions or other activities, derived from work done or services performed or rendered and business or other activities conducted in the municipality, whether or not such unincorporated business entity has an office or place of business in the municipality. On the portion of the distributive share of the net profits earned by a resident owner of a non-resident unincorporated business entity or pass-through entity not attributable to the municipality and not levied against such unincorporated business entity or pass-through entity.

(e)

On the portion attributable to the municipality of the net profits earned by all corporations that are not pass-through entities from work done or services performed or rendered and business or other activities conducted in the municipality, whether or not such corporations have an office or place of business in the municipality.

(f)

On all income received as gambling winnings as reported on IRS Form W-2G, Form 5754 and or any other form required by the Internal Revenue Service that reports winnings from gambling, prizes and lottery winnings.

(Ord. 2004-07. Passed 2-24-04; Ord. 2005-38. Passed by voters 2-7-06; Ord. 2011-08. Passed 4-12-11.)