§ 791.02 IMPOSITION OF PRIVILEGE TAX.

   (A)   There are hereby levied and imposed 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 §§ 791.03 - 791.12.

   (B)   If any person liable for any tax under §§ 791.03 and 791.04 shall ship or transport his or her 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 those sections.

   (C)   Gross income included in the measure of the tax under §§ 791.03 and 791.04, except in the production of natural gas, shall neither be added nor deducted in computing the tax levied under the other sections of this article.

   (D)   In determining value, however, as regards sales from one to another of affiliated companies or persons, or under other 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 value upon which such privilege tax shall be levied shall correspond as nearly as possible to the gross proceeds from the sale of similar products, of like quality or character where no common interests exist between the buyer and the seller but where the circumstances or conditions are otherwise similar.

(Ord. 1276, passed 6-29-00)