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 tax is 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 hereinafter provided, multiplied by the rate as follows:
Coal: one percent (1%)
Sand, gravel or other mineral product not quarried or mined: Three percent (3%)
Oil, blast furnace slag: Three percent (3%)
Timber: One and five tenths percent (1.5%)
Natural gas in excess of $5,000 (annual exemption): Six percent (6%)
Limestone or sandstone quarried or mined: One and five tenths percent (1.5%)
Other natural resource products: Two percent (2%)
(Ord. 299. Passed 5-15-06.)