All properties that generate gross rents from the leasing of commercial real estate, constitutes business income for computing a license tax. The type of tenant is immaterial.
“Commercial property” means properties that are not solely owner-occupied. Commercial property that generates $5,000.00 or more annually in rental income is subject to a business license tax; commercial properties generating less than that amount are required to register and file an application, but no business license tax shall be imposed. If the same person or entity owns more than one commercial property, one business license will be required with all gross rental income included on that license.
- Commercial properties that are owner-occupied by the same entity.
- Commercial property that generates less than $5,000 in gross rental income must file an application, however, no fee is required.