§ 68-382. Imposition of tax.

(a)

Rate; scope. A tax for general revenue purposes of 1.0 percent per year is hereby imposed on:

(1)

All earnings of resident individuals of the city.

(2)

All earnings of nonresident individuals for services performed or rendered in the city.

(3)

Net profits of all unincorporated businesses conducted by residents.

(4)

Net profits of all unincorporated businesses earned as a result of work done or services performed or rendered or business or other activities conducted in the city by nonresidents.

(5)

Net profits of all corporations earned as a result of work done or services performed or rendered or business or other activities conducted in the city.

(b)

Partnerships and other pass-through entities.

(1)

Partnerships and other pass-through entities shall not be taxed as entities. Any member thereof who is a resident of the city shall be taxed individually on his or her entire distributive share of the annual profits thereof, and any nonresident member shall be taxed individually only on that portion of his or her distributive share of the annual profits thereof which is derived by the pass-through entity from work done, services performed or rendered, or business or other activities conducted in the city.

(2)

All pass-through entities shall be required to file an informational return for each tax year in a form prescribed by the director.

(3)

In lieu of the informational return, pass-through entities may elect to file a combined return and pay the tax due on behalf of the partners, members or owners. This return must reflect the tax liability of each partner, member, or owner individually, and be in a form prescribed by the director.

(c)

Basis. Such tax shall be levied, collected and paid on the basis of the calendar year; provided, however, that where the fiscal year of any taxpayer differs from the calendar year the tax may be computed on the fiscal year basis.

(Code of Gen. Ords. 1967, § 32.141; Ord. No. 931336, 12-9-93)