761.112 PERSONS TAXABLE ON MULTIPLE ACTIVITIES; CREDITS.

   (a)   A person taxable under Section 761.05 with respect to selling products at wholesale in this City shall be allowed a non-refundable credit against those taxes for any:

      (1)   Manufacturing taxes paid by such person with respect to the manufacturing of products so sold at wholesale in this City, and/or

      (2)   Extracting taxes paid by such person with respect to the extracting of products so sold in this City or ingredients of products so sold at wholesale in this City.

   (b)   For purposes of this section:

      (1)   “Manufacturing tax” means a gross receipts tax imposed by a municipality or local government unit on the act or privilege of engaging in the business as a manufacturer and includes:

         A.   The tax imposed in Section 761.04 , and

         B.   Similar gross receipts taxes paid to other municipalities or other local government units (other than state governments) within the United States.

      (2)   “Extracting tax” means a gross receipts tax imposed by a municipality or other local government unit on the act or privilege of engaging in the business as a producer of natural resource products and includes:

         A.   The tax imposed in Section 761.03 , and

         B.   Similar gross receipts taxes paid to other municipalities or other local government units within the United States (other than state governments) within the United States.

      (3)   “Gross receipts tax” means a tax which:

         A.   Is imposed on or measured by the gross volume of business in terms of gross receipts or in other terms and in the determination of which deductions allowed would not constitute the tax an income tax or value added tax, and

         B.   Is not, pursuant to law or custom, separately stated from the sales price.
(Ord. 1216. Passed 1-28-03.)