MUNICIPAL TAXABLE INCOME means the following:
MUNICIPAL TAXABLE INCOME means income apportioned or sitused to the municipal corporation under section 35.62 of the Codified Ordinances, as applicable, reduced by any pre-2017 net operating loss carryforward available to the person for the municipal corporation.
MUNICIPAL TAXABLE INCOME means income apportioned or sitused to the municipal corporation under section 718.82 of the Revised Code, as applicable, reduced by any pre-2017 net operating loss carryforward available to the person for the municipal corporation.
Examples of MUNICIPAL TAXABLE INCOME in a sentence
For residents and nonresidents, income can be reduced to MUNICIPAL TAXABLE INCOME as defined in § 39.02 (C)(21).
For residents and nonresidents, income can be reduced to MUNICIPAL TAXABLE INCOME as defined in § 1531.02(c)(21).
Support micro-enterprises by including them in the Micro Credit Plans/other relevant plans of CBOs.
Amount Allocable to Brookville (If Schedule Y is used % of Line 6) MUNICIPAL TAXABLE INCOME ………..
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More Definitions of MUNICIPAL TAXABLE INCOME
MUNICIPAL TAXABLE INCOME means the following:1. For a person other than an individual, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the municipality under § 38B.062 of this chapter, and further reduced by any pre-2017 net operating loss carryforward available to the person for the municipality.2. a. For an individual who is a resident of a municipality other than a qualified municipal corporation, income reduced by exempt income to the extent otherwise included in income, then reduced as provided in division (C)(20)(B) of this section, and furtherreduced by any pre-2017 net operating loss carryforward available to the individual for the municipality.b. For an individual who is a resident of a qualified municipal corporation, Ohio adjusted gross income reduced by income exempted, and increased by deductions excluded, by the qualified municipal corporation from the qualified municipal corporation's tax on or before December 31, 2013. If a qualified municipal corporation, on or before December 31, 2013, exempts income earned by individuals who are not residents of the qualified municipal corporation and net profit of persons that are not wholly located within the qualified municipal corporation, such individual or person shall have no municipal taxable income for the purposes of the tax levied by the qualified municipal corporation and may be exempted by the qualified municipal corporation from the requirements of R.C. § 718.03.3. For an individual who is a nonresident of the municipality, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the municipality under § 38B.062 of this chapter, then reduced as provided in division (C)(20)(b) of this section, and further reduced by any pre-2017 net operating loss carryforward available to the individual for the municipality.(b) In computing the municipal taxable income of a taxpayer who is an individual, the taxpayer may subtract, as provided in division (C)(20)(a)2.a. or 3. of this section, the amount of the individual's employee business expenses reported on the individual's form 2106 that the individual deducted for federal income tax purposes for the taxable year, subject to the limitation imposed by section 67 of the Internal Revenue Code. For the municipal corporation in which the taxpayer is a resident, the taxpayer may deduct all such expenses allowed for federal income tax purpo...
MUNICIPAL TAXABLE INCOME means the following:(a) For a person other than an individual, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the Municipality under Section 172.062 of this Chapter, and further reduced by any pre-2017 net operating loss carryforward available to the person for the Municipality.(b) For an individual who is a resident of the Municipality, income reduced by exempt income to the extent otherwise included in income, then reduced as provided in division (T)(2) of this section, and further reduced by any pre-2017 net operating loss carryforward available to the individual for the Municipality.(c) For an individual who is a nonresident of the Municipality, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the Municipality under Section 172.062 of this Chapter, then reduced as provided in division (T)(2) of this section, and further reduced by any pre-2017 net operating loss carryforward available to the individual for the Municipality.(2) In computing the municipal taxable income of a taxpayer who is an individual, the taxpayer may subtract, as provided in division (T)(1)(b) or (c) of this section, the amount of the individual's employee business expenses reported on the individual's form 2106 that the individual deducted for federal income tax purposes for the taxable year, subject to the limitation imposed by section 67 of the Internal Revenue Code. For the municipal corporation in which the taxpayer is a resident, the taxpayer may deduct all such expenses allowed for federal income tax purposes. For a municipal corporation in which the taxpayer is not a resident, the taxpayer may deduct such expenses only to the extent the expenses are related to the taxpayer's performance of personal services in that nonresident municipal corporation.(3) In computing the municipal taxable income of a taxpayer who is an individual, the taxpayer may subtract, as provided in division (T)(1)(b) of this section, the amount of the individual’s employee moving expenses reported on the individual’s federal form 3903 for the taxable year. The individual’s federal form 3903 must be submitted with the municipal income tax return for the deduction to be allowed. Only moving expenses incurred and included as part of federal gross income shall be allowed.(4) In computing the municipal taxable income of a taxpayer who is an individual and...
MUNICIPAL TAXABLE INCOME means thefollowing:(a) For a person other than an individual, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the Municipality under Section 38.062 of this Chapter.(b) For an individual who is a resident of the Municipality, income reduced by exempt income to the extent otherwise included in income, then reduced as provided in division (T)(2) of this section.(c) For an individual who is a nonresident of the Municipality, income reduced by exempt income to the extent otherwise included in income and then, as applicable, apportioned or sitused to the Municipality under Section 38.062 of this Chapter, then reduced as provided in division (T)(2) of this section.(2) In computing the municipal taxable income of a taxpayer who is an individual, the taxpayer may subtract, as provided in division (T)(1) (b) or (c) of this section, the amount of the individual's employee business expenses reported on the individual's form 2106 that the individual deducted for federal income tax purposes for the taxable year, subject to the limitation imposed by section 67 of the Internal Revenue Code. For the municipal corporation in which the taxpayer is a resident, the taxpayer may deduct all such expenses allowed for federal income tax purposes. For a municipal corporation in which the taxpayer is not a resident, the taxpayer may deduct such expenses only to the extent the expenses are related to the taxpayer's performance of personal services in that nonresident municipal corporation.
MUNICIPAL TAXABLE INCOME means income apportioned or sitused to the municipal corporation under section 184.30 of this Chapter, as applicable, reduced by any pre-2017 net operating loss carryforward available to the person for the municipal corporation.
MUNICIPAL TAXABLE INCOME means the following: 26
MUNICIPAL TAXABLE INCOME means income apportioned or sitused to the municipal corporation under section 39.24, as applicable.
MUNICIPAL TAXABLE INCOME means income apportioned or sitused to the municipal corporation under Section1727.03, as applicable, reduced by any pre-2017 net operating loss carryforward available to the person for the municipal corporation.