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  • SECTION 103
    Unincorporated business defined
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  • MISC CUBIT
    City Unincorporated Business Income Tax
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  • SECTION 105
    Unincorporated business gross income
    • This entry was published on 2014-09-22
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    SECTION 104

    Unincorporated business taxable income

    General City Model 772/66 (GCM) CHAPTER 772, MISC CUBIT

    § 104. Unincorporated business taxable income. The unincorporated
    business taxable income of an unincorporated business shall be the
    excess of its unincorporated business gross income over its
    unincorporated business deductions, allocated to the city, less the
    amount of:

    (1) Its deductions under section one hundred eight not subject to
    allocation; and

    (2) Its unincorporated business exemptions under section one hundred
    nine.