HomeMy WebLinkAbout02229activities of a commercial or industrial nature wherein labor or
shill is applied, by hand or machinery to materials so that as a
result thereof a new, different or useful article of tangible personal
property or substance of trade or commerce is produced and shall include
the production or fabrication of special made or custom made articles.
(1) COMt-RCIAL USE The term " commercial or industrial use"
means the following use of products, including by-products, by the
extractor or manufacturer thereof:
(1) Any use as a consumer; and
(2) The manufacturing of articles, substances or commodities
from extracted products, including by-products.
(m) BUSINESS The word "business" includes all activities engaged
in with the object of gain, benefit or advantage to the taxpayer or to
another person or class, directly or indirectly.
(n) ENGAGING IN BUSINESS The term "engaging in business" means
commencing; conducting or continuing in business and also the exercise
of corporate or franchise powers as well as liquidating a business
when the liquidators thereof hold themselves out to the public as
conducting such business.
(o) CASH DISCOUNT The term "cash discount" means a deduction
from the invoice price of goods or charge for services which is allowed
if the bill is paid on or before a specified date.
(p) TUITION FEE The term "tuition fee" shall be construed to
include library, laboratory, health service and other special fees,
and amount charged for room and board by an educational institution
when the property o #, service for which such charges are made is fur-
nished exclusively to the students or faculty of such institution;
PROVIDED, that the term, "educational institution" is used herein,
shall be construed to mean only those institutions created or generally
accredited as such by the state and offering to students an educational
program of a general academic nature or those institutions which are
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