(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 such tax to 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 otherwise provided, multiplied by the respective rates as follows.
(2) Coal, 1%; limestone or sandstone quarried or mined, 0.66%; oil, 1.31%; natural gas in excess of the value of $5,000, 6%; blast furnace slag, 1.31%; sand, gravel or other mineral products, not quarried or mined, 1.31%; timber, 0.66%; other natural resource products, 0.66%. The measure of this tax is the value of the entire production in the city regardless of the place of sale, or the fact that the delivery may be made to points outside of the city.
(Prior Code, § 745.04)
(B) Manufactured or compounded products.
(1) 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 or articles, substance or substances, commodity or commodities or electric power not produced by public utilities taxable under provisions of this subchapter, the amount of tax to 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 the rate of 0%. 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.
(2) It is further provided, however, that in those instances in which the same person partially manufactures products within the city and partially manufactures such products outside the city, the measure of this tax under this section shall be that proportion of the sale price of the manufactured product that the payroll cost of manufacturing within the city bears to the entire payroll cost of manufacturing the product; or, at the option of the taxpayer, the measure of this tax under this division (B) shall be the proportion of the sales value of articles that the cost of operations in the city bears to the full cost of manufacture of the articles.
(Prior Code, § 745.05)
(C) Business of selling tangible property; sales exempt. 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 foods in hotels, restaurants, cafeterias, confectioneries 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 likewise hereby levied, and shall be collected, a tax equivalent to 0.44% of the gross income of the business; except that, in the business of selling at wholesale, the tax shall be equal to 0.15% of the gross income of the business.
(Prior Code, § 745.06)
(D) Public service or utility business.
(1) Upon every person engaging or continuing within the city in a public service or utility business, except railroad, railroad car, express, water companies, pipeline, telephone and telegraph companies, water carriers by steam boat or steam ship 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.
(2) Street and inter-urban and electric railways, 0.3%; water companies, 1.32%, except as to income received by municipally owned water plants; electric light and power companies, 4% on sales and demand charges for domestic purposes and commercial lighting; and 4% on sales and demand charges for all other purposes, except as to income received by municipally owned plants producing or purchasing electricity and distributing the same; natural gas companies, 3% on the gross income, such gross income for this purpose to be determined by deducting from the gross income from all sales of gas to consumers, the amount of the tax paid by the taxpayer under division (A) above of the production of the same tax; and on all other public service or utility businesses, 3%.
(Prior Code, § 745.07)
(E) Business of contracting. Upon every person engaging or continuing within the city in the business of contracting, the tax shall be equal to 2% of the gross income derived from contracts entered into after 1-1-1996.
(Prior Code, § 745.08)
(F) Business of operating amusements. Upon every person engaging or continuing within the city in the business of operating a theater, opera house, moving picture show, vaudeville, amusement park, dance hall, skating rink, racetrack, radio broadcasting station or any other place at which amusements are offered to the public, the tax shall be equal to 0.5% of the gross income of the business.
(Prior Code, § 745.09)
(G) Business of furnishing property for hire.
(1) Upon every person engaging 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 be in the form of rentals, royalties, fees or otherwise, the tax shall be 1% of the gross income of any such activity.
(2) The term TANGIBLE PERSONAL PROPERTY, as used herein, shall not include money or public security.
(Prior Code, § 745.10)
(H) 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 subchapter, unless exempted by some provision of this subchapter, there is likewise hereby levied and shall be collected a tax equal to 1% of the gross income of any such business.
(Prior Code, § 745.11)
(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 shall be equal to 1% 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 or fees and receipts from the sale of tangible personal property; provided that, gross income shall not include interest received on the obligations of the United States, its agencies and instrumentalities; 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 interest received on investments or loans primarily secured by first mortgages or deeds of trust on residential property occupied by non-transients; provided that, all interest derived on activities exempt under this provision, 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 divisions (A) through (H) above, inclusive of this subchapter.
(Prior Code, § 745.12)
(J) Tax credit for industrial expansion; regulations.
(1) There shall be allowed as a credit against any tax imposed by this subchapter the amount determined under W.Va. Code Art. 11-13C relating to tax credit for industrial expansion.
(2) The City Treasurer shall prescribe such regulations, not inconsistent with any corresponding regulations prescribed by the state’s Tax Commissioner, as may be necessary to carry out the purposes of this section.
(Prior Code, § 745.13) (Ord. passed 10-21-1980; Ord. passed 12-17-1982; Ord. passed 9-10-1990; Ord. passed 3-4-1996; Ord. passed - -2016; Ord. passed 11-12-2019)