(a) Production of Coal and Other Natural Resource Products.
(1) Upon every person engaging or continuing within the city in the business of producing for sale, profit or commercial use any natural resource products, the amount of the tax imposed by this article shall be equal to the value of the articles produced as shown by the gross proceeds derived from the sale thereof by the producer, except as hereinafter provided, multiplied by the respective rates as follows: Coal, fifteen one-hundredths of one percent; limestone or sandstone, quarried or mined, .50%; oil, fifteen one-hundredths of one percent; natural gas, in excess of the value of five thousand dollars, fifteen one-hundredths of one percent; blast furnace slag, fifteen one-hundredths of one percent; sand, gravel or other mineral products, not quarried or mined, .50%; timber, fifteen one-hundredths of one percent; other natural resource products, fifteen one-hundredths of one percent. The measure of this tax is the value of the entire production of the city, regardless of the place of sale or the fact that delivery may be made to points outside of the city; provided, that for the purposes of the production of oil classification and the production of natural gas classification, as set forth in this section, multiple co-owners of oil or natural gas, in place, lessees thereof or others being vested with title and ownership to part or all of the oil and gas as personal property, immediately after severance, extraction, reduction to possession and production, except royalty recipients, in kind, shall be deemed to be a "group or combination acting as a unit" and one "person," whenever engaged in the business of producing oil or natural gas through common use, by joint or separately executed contracts, of the same independent contractor, driller or operator's services; and notwithstanding provisions of private contracts for separate deposit of gross receipts in separate members' accounts or for members of such group or combination to take in kind any proportionate part of such natural resources.
(2) Lessees, sublessees or other denominated lessees are considered to be producers of all of the oil or natural gas produced, regardless of any payment, in kind, to lessors, sublessors or other denominated lessors of a part of such natural resources as rents or royalties. Recipients of royalties or rents, in kind, in cash or otherwise are taxable on their gross income pursuant to the provisions of subsection (h) hereof.
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(b) Manufacturing, Compounding or Preparing Products. Upon every person engaging or continuing within the City in the business of manufacturing, compounding or preparing for sale, profit or commercial use, either directly or through the activity of others, in whole or part, any article, substance, commodity or electric power produced by public utilities or others and not taxed under other provisions of this article, or newspaper publishing, including all gross income or 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, commodities or electric power manufactured, compounded or prepared for sale, as shown by the gross proceeds derived from the sale thereof by the manufacturer or person compounding or preparing the same, except as hereinafter provided, multiplied by a rate of fifteen one-hundredths of one percent. The measure of this tax is the value of the entire product manufactured, compounded or prepared in the City for sale, profit or commercial use, regardless of the place of sale or the fact that deliveries may be made to points outside the City. However, the dressing and processing of food by a person, which food is to be sold on a wholesale basis by such person, shall not be considered as manufacturing or compounding, but the sale of these products on a wholesale basis shall be subject to the same tax as is imposed on the business of selling at wholesale as provided in subsection (c) hereof.
(c) Business of Selling Tangible Property. Upon every person engaging or continuing within the city in the business of selling any tangible property whatsoever, real or personal, including the sale of food and the services incident to the sale of food in hotels, restaurants, cafeterias, confectionaries and other public eating houses, except sales by any person engaging or continuing in the business of horticulture, agriculture or grazing, or of selling stocks, bonds or other evidences of indebtedness, there is hereby levied and shall be collected a tax equivalent to .25% of the gross income of the business; except, that in the case of selling at wholesale (or jobber), the tax shall be equal to .08% of the gross income of the business.
(d) Public Service or Utility Business. Upon any person engaging or continuing within the city in any public service or utility business, except railroad, railroad car, express, pipeline, telephone and telegraph companies, water carriers by steamboat or steamship and motor vehicle carriers, there is hereby levied and shall be collected taxes on account of the business engaged in equal to the gross income of the business multiplied by the respective rates as follows: Street and interurban and electric railways, one percent; water companies, four percent, except as to income from municipally owned water plants; electric light and power companies, four percent on sales and demand charges for domestic purposes and commercial lighting and three percent on sales and demand charges for all other purposes, except as to income from municipally owned plants producing or purchasing electricity and distributing the same; natural gas companies, three percent on the gross income for this purpose, to be determined by deducting from gross income from all sales to consumers the amount of the tax paid by the taxpayers under subsection (a) hereof; toll bridge companies, three percent; and upon all other public service or utility business, two percent. The measure of this tax shall not include gross income derived from commerce between the state and other states of the United States or between the city and other localities. The measure of the tax under this section shall include only gross income received from the supplying of public services. The gross income of the taxpayer from any other activity shall be included in the measure of the tax imposed by the appropriate section of this article.
(e) Business of Contracting. Upon every person engaging or continuing within the city in the business of contracting, the tax imposed by this article shall be one percent on each one hundred dollars of the gross income of the business.
(f) Business of Operating Amusements. Upon every person engaging or continuing within the City in the business of operating a theatre, opera house, moving picture show, vaudeville, amusement park, dance hall, skating rink, race track, radio broadcasting station or any other place at which amusements are offered to the public, the tax imposed by this article shall be equal to twenty five-hundredths of one percent of the gross income of the business.
(g) Service Business or Calling Not Otherwise Specifically Taxed. Upon every person engaging or continuing within the city in any service business or calling not otherwise specifically taxed under this article, there is hereby levied and shall be collected a tax equal to fifty one-hundredths of one percent of the gross income of any such business.
(h) Business of Furnishing Property for Hire.
(1) Upon every person engaged or continuing within the City in the business of furnishing any real or tangible personal property which has a tax situs in the City, or any interest therein, for hire, loan, lease or otherwise, whether the return is in the form of rentals, royalties, fees or otherwise, the tax imposed by this article shall be .50% of the gross income of any such activity.
(2) The term "tangible personal property," as used in this section, shall not include money or public securities.
(i) Banking and Other Financial Business.
(1) Upon every person engaging or continuing within the City in the business of banking or financial business, the tax imposed by this article shall be equal to fifty-one hundredths of one percent of the gross income received from interest, premiums, discounts, dividends, service fees or charges, commissions, fines, rents from real or tangible personal property, however denominated, royalties, charges for bookkeeping or data processing, receipts from check sales, charges for fees and receipts from the sale of tangible personal property; provided, that gross income shall not include (a) interest received on the obligations of the United States, its agencies and instrumentalities, (b) interest received on the obligations of this or any other state, territory or possession of the United States or any political subdivision of any of the foregoing or of the District of Columbia, or (c) interest received on investments or loans primarily secured by first mortgages or deeds of trust on residential property occupied by nontransients; provided, further, that all interest derived on activities exempt under (c) shall be reported, as to amounts, on the return of a person taxable under the provisions of this section.
(2) Persons taxed pursuant to the provisions of this section shall not be taxed under subsections (a) to (h) hereof.
(3) The Council hereby finds and declares that it is the intent of Council to subject national banking associations and other financial organizations to the tax imposed by this article, in accordance with the authorization contained in section 5219 of the Revised Statutes of the United States as amended by Public Law 91-156 enacted by the Congress of the United States on December 24, 1969.
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