(a) There shall be levied and collected annual privilege taxes against the persons, on account of the business and other activities, and in the amounts to be determined by the application of rates against values of gross income as set forth in Sections 729.04 to 729.12 inclusive. If any person liable for any tax under Sections 729.04 or 729.06 shall ship or transport his products or any part thereof out of the City without making sale of such products, the value of the products in the condition or from in which they exist, immediately before transportation out of the City shall be the basis for the assessment of the tax imposed in such sections. Council shall prescribe equitable and uniform rules for ascertaining such value.
(b) In determining value, however, as regards sales from one to another of affiliated companies or persons, or under other circumstances where the relation between the buyer and seller is such that the gross proceeds from the sale are not indicative of the true value of the subject matter of the sale, Council shall prescribe uniform and equitable rules and determining the value upon which such privilege tax shall be levied, corresponding as nearly as possible to the gross proceeds from the sale of similar products of like quality or character where no common interest exists between the buyer and the seller but the circumstances and conditions are otherwise similar.
(d) A person exercising any privilege taxable under Sections 729.04 and 729.06 and engaged in the business of selling his natural resources or manufactured products at retail in the City shall be required to make returns of the gross proceeds of such retail sales and pay the tax imposed in Section 729.07 for the privilege of engaging in the business of selling such natural resources or manufactured products at retail in the City. But any person exercising any privilege taxable under Sections 729.04 or 729.06 and engaging in the business of selling his natural resources or manufactured products to manufacturers, wholesalers or jobbers, and in the case of limestone, and sand, gravel or other mineral products, to commercial consumers, shall not be required to pay the tax imposed in Section 729.07 for the privilege of selling such natural resource products or manufactured products at wholesale.
(e) Manufacturers exercising any privilege taxable under Section 729.06 shall not be required to pay the tax imposed under Section 729.07 too, for the privilege of selling their manufactured products for delivery outside of the City, but the gross income derived from the sale of such manufactured products outside of the City shall be included in determining the measure of the tax imposed on such manufacturer in Section 729.06.
(f) A person exercising privileges taxable under the other sections of this article, producing coal, oil, natural gas, minerals, timber or other natural resource products, the production of which is taxable under Section 729.04 and using or consuming the same in his business, shall be deemed to be engaged in the business of mining and producing coal, oil, natural gas, minerals, timber or other natural resource products for sale, profit or commercial use, and shall be required to make returns on account of the production of the business showing the gross proceeds or equivalent in accordance with uniform and equitable rules and determining the value upon which such privilege tax shall be levied, corresponding as nearly as possible to the gross proceeds from the sale of similar products of like quality or character by other taxpayers, which rules the City Council shall prescribe.
(1978 Code Sec. 9-9.)