For the purposes of this article, the following words and phrases shall have the meanings respectively ascribed to them by this section.
BUSINESS. 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 BUSINESS engaged in, taxable in the class in which it falls.
COLLECTOR. The Town Recorder.
CONTRACTING. The furnishing of work, or both materials and work, in the fulfillment of a contract for the construction, alteration, repair, decoration or improvement of a new or existing building or structure or any part thereof, or for the alteration, improvement or development of real property.
GROSS INCOME GENERALLY. 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, rentals, royalties, fees or other emoluments however designated and without any deductions on account of the cost of property sold, the cost of material used, labor costs, taxes, royalties, interest or discount paid or any other expense whatsoever.
GROSS PROCEEDS OF SALES. The value, whether in money or other property, 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 sales 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.
SALE, SALES or SELLING. Any transfer of the ownership of, or title to property, whether for money or in exchange for other property.
SELLING AT WHOLESALE or WHOLESALE SALES. Sales of any tangible personal property for the purpose of resale in the form of tangible personal property and sales of machinery and supplies or materials which are to be directly consumed or used by the purchaser in the conduct of any business or activity which is subject to the tax imposed by this article and sales of any tangible personal property to the United States of America, its agencies and instrumentalities, or to the state, its institutions or political subdivisions.
SERVICE BUSINESS OR CALLING. All activities engaged in for other persons for a consideration, which involve 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 or her employer.
TAXPAYER. Any person liable for any tax under this article.
TAX YEAR or TAXABLE YEAR. The year beginning July 1 of each calendar year and ending June 30 of each succeeding calendar year.
(Ord. passed 6-30-1971; Ord. 1990-05, passed 6-12-1990)