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FIN 2018-08-21 Item 2A - Discussion - Business and Occupation (B&O) Tax Revenue
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FIN 2018-08-21 Item 2A - Discussion - Business and Occupation (B&O) Tax Revenue
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1/14/2021 12:12:57 PM
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Council Committees
Committees Date (mm/dd/yy)
08/21/18
Committee Name
Finance 2017-2020
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Agenda Packet
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AA. "Wholesaling." "Wholesaling" means engaging in the activity of making sales at <br />wholesale, and is reported under the wholesaling classification. <br />.040 <br />.050 Imposition of the tax - tax or fee levied. <br />A. Except as provided in subsection B of this section, there is hereby levied upon <br />and shall be collected from every person a tax for the act or privilege of engaging <br />in business activities within the City, whether the person's office or place of <br />business be within or without the City. The tax shall be in amounts to be <br />determined by application of rates against gross proceeds of sale, gross income <br />of business, or value of products, including by-products, as the case may be, as <br />follows: <br />1. Upon every person engaging within the City in business as an extractor; as <br />to such persons the amount of the tax with respect to such h6isiness shall <br />products, extracted <br />rate of of one percent ( ). The measure of the tax <br />of the plane of sale or the fact that deliveries magi he made to points <br />outside the City. <br />1. Upon every person engaging within the City in business as a manufacturer, <br />as to such persons the amount of the tax with respect to such business shall <br />be equal to the value of the products, including by-products, manufactured <br />within the city, multiplied by the rate of rate of 0.02 of one percent <br />_(0.002) _. The measure of the tax is the value of the products, including <br />by-products, so manufactured, regardless of the place of sale or the fact <br />that deliveries may be made to points outside the City. <br />2. Upon every person engaging within the City in the business of making sales <br />at wholesale, as to such persons, the amount of tax with respect to such <br />business shall be equal to the gross proceeds of such sales of the business <br />without regard to the place of delivery of articles, commodities or <br />merchandise sold, multiplied by the rate of _0.02 of one percent <br />_(0.002). <br />3. Upon every person engaging within the City in the business of making sales <br />at retail, as to such persons, the amount of tax with respect to such <br />business shall be equal to the gross proceeds of such sales of the business, <br />without regard to the place of delivery of articles, commodities or <br />merchandise sold, multiplied by the rate of 0.02_of one percent <br />_(0.002) _. <br />(ii) both printing and publishing newspapers, magazines, periodicals, books, <br />music, and other printed items, (iii) publishing newspapers, magazines and <br />periodicals, (iv) extr ; <br />persons, the amount of tax on such business shall be equal to the gross <br />22 Draft B&O Ordinance Page 14 of 23 <br />
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