(a) When used in this article, the term “person” or the term “company” herein used interchangeably, includes any individual, firm, copartnership, joint adventure, association, corporation, trust or any other group or combination acting as a unit, and the plural as well as the singular number, unless the intention to give a more limited meaning is disclosed by the context.
(b) “Tax year” or “taxable year” means either the fiscal year beginning on the first day of July and ending on the 30th day of the following June of each year, or if the taxpayer keeps his books on a basis other than such fiscal year he may obtain permission from the Town Recorder to use the same as the tax period in lieu of the above defined taxable year.
(c) “Taxpayer” means any person liable for any tax hereunder.
(d) “Sale” or “Sales” includes the exchange of properties as well as the sale thereof for money, every closed transaction constituting a sale.
(e) “Gross income” means the gross receipts of the taxpayer received as compensation for personal services and the gross receipts of the taxpayer derived from trade, business, commerce or sales and the value proceeding or accruing from the sale of tangible property (real or personal) or service, or both, and all receipts by reason of the investment of the capital of the business engaged in, including interest, discount, rental, royalties, fees or other emoluments however designated and without any deductions on account of the cost of property sold, the cost of materials used, labor costs, taxes, royalties, interest and discount paid, or sums paid to independent contractors, subcontractors or persons furnished services or property used in the operation of any business to produce gross income, or any other expense whatsoever.
(f) “Business” as used in this ordinance shall include all activities engaged in or caused to be engaged in with the object of gain or economic benefit either direct or indirect. The production of raw materials or manufactured products, which are used or consumed in the main business, shall be deemed a business engaged in taxable in the class in which it falls.
(g) “Gross proceeds of sales” means the value actually proceeding from the sale of tangible property without any deduction on account of the cost of property sold or expenses of any kind. The words “gross income” and “gross proceeds of sales” shall not be construed to include cash discounts allowed and taken on sales; the proceeds of sale of goods, wares or merchandise returned by customers when the sale price is refunded either in cash or by credit; or the sale price of any article accepted as part payment on any new article sold, if the full sale price of the new article is included in the “gross income” or “gross proceeds of sales.”
(h) “Service business or calling” shall include all non-professional activities engaged in for other persons for a consideration, which involves the rendering of a service as distinguished from the production or sale of tangible property, but shall not include the services rendered by an employee to his employer.
(i) The classification of “wholesaler” or “jobber” shall apply only to a person doing a regularly organized jobbing business, known to the trade as wholesale quantities and at wholesale prices.
(Passed 10-23-56.)