757.02 IMPOSITION OF PRIVILEGE TAX.

   There is hereby levied and shall be collected annual privilege taxes against the persons, on account of the business and other activities, and in the amounts to be determined by the application of rates against values or gross income as set forth in Sections 757.03 to 757.12 inclusive.

   If any person liable for any tax as a producer of natural resource products under Section 757.03 or as a manufacturer under Section 757.04 shall ship or transport his products, or any part thereof, out of the City without making sale of such products, the value of the products in the condition or form in which they exist immediately before transportation out of the City shall be the basis for the assessment of the tax imposed in such section, except in those instances in which another measure of the tax is expressly provided. The City Clerk shall prescribe equitable and uniform rules for ascertaining such value.

   Gross income included in the measure of the tax under Section 757.03 and 757.04 shall neither be added or deducted in computing the tax levied under the other sections of this article.

   In determining value, however, as regards sales from one to another of affiliated companies or persons, or under circumstances where the relation between the buyer and the seller is such that the gross proceeds from the sale are not indicative of the true value of the subject matter of the sale, the City Clerk shall prescribe uniform and equitable rules for determining the value upon which such privilege tax shall be levied, corresponding as nearly as possible to the gross proceeds from the sale of similar products of like quality and character where no common interest exists between the buyer and seller but the circumstances and conditions are otherwise similar.

(Ord. 77-30. Passed 12-19-77.)