HomeMy WebLinkAbout02228discount, delivery costs, taxes or any other expense whatsoever paid
or adcrued and without any deduction on account of losses.
(h) VALUE ACCRUING The term "value proceeding or accruing" means
the consideration, whether money, credits, rights or other property
expressed in terms of money,.actually received or accrued. The term
Shall be applied, in each case, on a cash receipts or accrual basis
according to which method of accounting is regularly employed in keep-
ing the books of the taxpayer. The City Clerk may provide by regu-
lation that the value proceeding or accruing from sales on the
installment plan under conditional contracts of sale may be reported
as of the dates when due payments become due.
M MURACTOR The word "extractor" means every person who from
his own land or from the land of anther under a right or license granted
by lease or contract, either directly or by contracting with others
for the necessary labor or mechanical services, for sale or for com-
mercial or industrial use mines, quarries, takes or produces coal,
natural gas, ore,.stone, sand, gravel, clay, mineral or other natural
resource product, or fells, cuts ortakes timber or other natural pro-
ducts, or takes, cultivates, or raises fish, shell fish, or other sea
or inland water foods or products;. it does not include persons per-
forming nnder the contract the necessary labor or mechanical services
for others.
(j) MANUPACTURER The word "manufacturer" means every person who,
either directly or by contracting with others for the necessary labor
or mechanical services, manufacturers for sale or for commercial or
industrial use from his own materials or ingredients any articles,
substances or commodities. When the owner of equipment or facilities
furnishes, or sells to the customer prior to manufacture, all or a
portion of the materials that become a part or whole of the manufactured
article, the City Clerk shall prescribe equitable rules for determining
tax liability.
(k) TO MANUFACTURE The term "to manufacture" embraces all
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