The provisions of this article shall not apply to:
(a) Insurance companies which pay the State a tax upon premiums; provided, that such exemption shall not extend to that part of a 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 the City, whether such income be in the form of rentals or royalties;
(b) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(c) Fraternal societies, organizations and associations organized and operated for the exclusive benefit of their members and not for profit; provided, that this exemption shall not extend to that part of the gross income arising from the sale of alcoholic beverages, food and related services, of such fraternal societies, organizations and associations which are licensed as private clubs under the provisions of West Virginia Code Article 60-7;
(d) Corporations, associations and societies organized and operated exclusively for religious or charitable purposes;
(e) Production credit association, organized under the provisions of the Federal "Farm Credit Act of one thousand nine hundred thirty-three";
(f) Any credit union organized under the provisions of Chapter 31 or any other chapter of the Code of West Virginia; provided, that the exemptions of this section shall not apply to corporations or cooperative associations organized under the provisions of West Virginia Code Article 19-4;
(g) Gross income derived from advertising service rendered in the business of radio and television broadcasting; and
(h) The gross income or gross proceeds of sale of a gasification or liquification of coal project in the demonstration, pilot or research stages; and provided that prior to the commencement of operation of any such project, the Director of Finance shall have first certified the project as eligible for such exemption; and provided further, that such exemption shall expire seven years from the date the project first receives gross income or gross proceeds from sales. (10-11-83; Ord. 5-7-96)