Upon every person engaging or continuing in the City in the business of compounding or preparing for sale, profit or commercial use, either directly or through the activity of otherwise in whole or part, any article, substance, commodity or electrical power produced by public utilities or others and not taxed under other provisions of this article, or newspaper publishing, including all gross income proceeds of sale from circulation and advertising, the amount of the tax imposed by this article shall be equal to the value of the article, substance, commodity or electrical power or newspaper compounded or prepared for sale, as shown by the gross proceeds derived from the sale thereof by the person compounding or preparing the same, except as otherwise provided, multiplied by the rate of five hundredths (5/100) of one percent. The measure of this tax is to the value of the entire product compounded, or prepared in the City for sale, profit or commercial use regardless of place of sale or the fact that deliveries may be made to points outside the City.
(Ord. 476. Passed 11-7-22.)