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Upon every person or association engaging or continuing within the City in the business of collecting incomes from the use of real or personal property or of any interest therein, whether by lease, conveyance or otherwise, and whether the return be in the form of rentals, royalties, fees, interest or otherwise the tax shall be one percent of the gross income of any such activity. (1978 Code Sec. 9-20.)
(a) Upon every person, firm or corporation engaging or continuing within the City in the business of banking or financial business, the tax shall be equal to one percent of the gross income received from interest, premiums, discounts, dividends, service fees, or charges, commissions, fines, rents, from real or tangible person property, however dominated, royalties, charges for bookkeeping or data processing, receipts from check sales, charges or fees, and receipts from the sale of tangible personal property.
(1978 Code Sec. 9-21.)
(a) There shall be an exemption in every case of twenty-five dollars ($25.00) in amount of tax computed under the provisions of this article. A person exercising a privilege taxable hereunder for a fractional part of a tax year shall be entitled to an exemption of the sum bearing the proportion to twenty-five dollars ($25.00) that period of time the privilege is exercised bears to a whole year. Only one exemption shall be allowed to any one person, whether he exercise one or more privileges taxable hereunder.
(b) The provisions of the article shall not apply to:
(1) Insurance companies which pay the State a tax upon premiums; provided, that such exemptions shall not extend to that part of the gross income of insurance companies which is received for the use of real property, other than property in which any such company maintains its office or offices, in this State, whether such income be in the form of rentals or royalties;
(2) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(3) Fraternal societies, organizations and associations organized and operated for the exclusive benefit of their members and not for profit; provided, that such exemption shall not extend to that part of the gross income arising from the sale of alcoholic liquor, food and related services, of such fraternal societies, organizations and associations which are licensed as private clubs under the provisions of West Virginia Code, 60-7-1 et seq.;
(4) Corporations, associations and societies organized and operated exclusively for religious or charitable purposes;
(5) Production credit association, organized under the provisions of the federal "Farm Credit Act of 1933";
(6) Any credit union organized under the provisions of West Virginia Code 31- 1-1 et seq., or any other chapter of the Code of West Virginia; provided further, that the exemptions of this section shall not apply to corporations or cooperative associations organized under the provisions of West Virginia Code, 19-4-1 et seq.;
(7) Gross income derived from advertising service rendered in the business of radio and television broadcasting; and
(8) Any demonstration, pilot or research project for the gasification or liquefaction of coal when the same is totally or partially funded by public moneys; provided, that the exemptions contained in this subsection (b)(8) shall not apply to any gross income after June 30, 1981.
(1978 Code Sec. 9-22.)
(a) The taxes levied in this article shall be payable in quarterly installments on or before the expiration of thirty days from the end of the quarter in which they accrue. The taxpayer shall, within thirty days from the expiration of each quarter, make out an estimate of the tax for which he is liable for such quarter, verify the same by oath, and mail the same together with a remittance in the form required by subsection (b) hereof, for the amount of the tax, to the office of the City Clerk/Treasurer, privilege and occupation tax. The City Clerk/Treasurer, if it is deemed necessary to insure payment of the tax, may require return and payment under this section for other than quarter year periods. In estimating the amount of the tax due for each quarter the taxpayer may deduct one-fourth of the total exemption allowed for the year.
(b) All remittances of taxes imposed by this article shall be made to the City, by bank draft, certified check, cashier's check, money order or certificate of deposit, and the City Clerk/Treasurer shall issue his receipts therefore to the taxpayer and shall pay the money into the City Treasury to be kept and accounted for as provided by law.
(Ord. 728. Passed 7-22-15.)
On or before thirty days after the end of the tax year, each person liable for the payment of a tax under Section 729.15 shall make a return showing the gross proceeds of sales or gross income of business, trade or calling, and compute the amount of tax chargeable against him in accordance with the provisions of this article and deduct the amount of quarterly payments (as hereinbefore provided), if any, and transmit with his report a remittance in the form required by Section 729.16 covering the residue of the tax chargeable against him to the office of the City Clerk/Treasurer. Such return shall be verified by the oath of the taxpayer, if made by an individual, or by the oath of the president, vice president, secretary or treasurer of a corporation, if made on behalf of a corporation. If made on behalf of a partnership, joint adventure, association, trust or any other group or combination acting as a unit, any individual delegated by such firm, co-partnership, joint adventure, association, trust or any other group or combination acting as a unit shall make the oath on behalf of the taxpayer. If for any reason it is not practicable for the individual taxpayer to make the oath, the same may be made by any duly authorized agent. The City Clerk/Treasurer, for good cause shown, may extend the time for making the annual return on the application of any taxpayer and grant such reasonable additional time within which to make the same as may, by him, be deemed advisable.
(Ord. 728. Passed 7-22-15.)
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