09/25/1985 Meeting - Laserfiche WebLink

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e return for that year, have affected the tax payable to the city, or whenever for any other reason the liability of any taxpayer to the city under this Act for any particular taxable year has been changed, a report of the change shall be made to the department and payment of any additional tax liability, or refund of any overpayment, by reason thereof shall be made within 90 days of the time in which the adjusted tax is determined. 3.632 Form of Returns. (1) Returns shall be in such form as the department may, from time to time, prescribe. There shall be annexed to the return a statement veri- fied by a written declaration of the taxpayer making the return to the effect that the statements contained therein are true. (2) The department shall prepare blank forms for the returns and distribute them to taxpayers throughout the city. Failure to receive or secure a form shall not relieve a taxpayer from the obligation of making any return required by law. 3.634 Division of Income for Tax Purposes. Any nonresident taxpayer hav- ing income only a portion of which is taxable under this Act, other than income from activity as a public utility, shall allocate and apportion his/her income as provided in sections 3.634 to 3.650. e 3.636 Definitions for Sections 3.634 to 3.652. Definitions for sections 3.634 to 3.652 unless the context otherwise requires: Business income means income arising from transactions and activity in the regular course of the taxpayer's business and in- cludes income from tangible and intangible property if the acqui- sition, management, use or rental, and disposition of the property constitute integral parts of the taxpayer's regular business operations. Commercial domicile means the principal place from which the business of the taxpayer is directed or managed. Compensation means wages, salaries, commissions and any other form of remuneration paid to employes for personal service. Nonbusiness income means all income other than business income. Public utility means any business entity whose principal business is ownership and operation for public use of any plant, equipment, property, franchise, or license for the transmission of communications, transportation of goods or persons, or the production, storage, transmission, sale, delivery, or furnishing of electricity, water, steam, oil, oil products or gas. Sales means all gross receipts of the taxpayer not allocated under sections 3.638 to 6.646. 3.638 Certain Nonbusiness Income to be Allocated. Rents and royalties e from real or tangible personal property, capital gains, interest, dividends, or patent or copyright royalties, to the extent that they consti- tute nonbusiness income, shall be allocated as provided in sections 3.640 to 3.646. Ordinance - 8 ~