(A) Gross receipts of any taxpayer include the gross amount of cash, credit or property of any kind or nature received in both cash and credit transactions allocable or attributable to the borough by reason of any sale made, service rendered or commercial or business transactions in connection with any business, trade, occupation or profession.
(B) Gross receipts upon which the tax is imposed are undiminished by any costs of doing business, other than as specifically provided in § 36.056.
(C) Gross receipts may be measured using the cash or accrual method of accounting, provided the return is filed in accordance with the method of accounting regularly employed in keeping the books of the taxpayer and the method is consistent from year to year. Use of the completed-contract or percentage-of-completion methods of accounting is prohibited for the purpose of determining gross receipts.
(Ord. 2015-5, passed 4-28-2015)