For the purpose of this subchapter, the following definitions shall apply unless the context indicates or requires a different meaning.
GROSS INCOME. The value proceeding or accruing from the sale of tangible property or service and receipts, including all sums earned or charged, whether received or not, by reason of the investment of capital in the business engaged in, including rentals, royalties, fees or other emoluments, however designated, excluding receipts or proceeds from the use or sale of real property or any interest therein; and proceeds from the sale of notes, bonds, mortgages or other evidence of indebtedness, or stocks and the like, and without any deduction on account of the cost of the property sold, the cost of materials used, labor costs, interest or discount paid, or any expense whatsoever, and without any deduction on account of losses.
PERSON or PERSONS. Persons of either sex, firms, copartnerships, corporations, public utility districts and other associations of natural persons, whether acting by themselves or by servants, agents or employees.
TAX YEAR or TAXABLE YEAR. The year commencing January 1 and ending on December 31 of the year, or, in lieu thereof, the taxpayer's fiscal year when permission is obtained from the City Recorder to use the same as the tax period.
TAXPAYERS. Any person liable to the license fee or tax imposed by this subchapter.
(Ord. 247, passed 12-3-1956)