As used in this article, unless the context indicates clearly a different meaning, the following words and phrases shall have the meaning set forth below:
(a) "Borough" means the Borough of White Oak.
(b) "Person” means any natural person, partnership, unincorporated association or corporation, non-profit or otherwise. Whenever used in any provision prescribing a fine or penalty, the word "person", as applied to partnerships, shall mean the partners thereof, and as applied to corporations and unincorporated associations, shall mean the officers thereof.
(c) (1) "Business” means carrying on or exercising whether for gain or profit or otherwise within the Borough of White Oak any trade, business, including, but not limited to, financial business as hereinafter defined, profession, vocation, service, construction, communication or commercial activity, making sales to persons or rendering services from or attributable to a White Oak Borough office or place of business.
(2) "Business" shall not include the following: any business which is subject to the Borough of White Oak Mercantile Tax, the business of any political subdivision, any employment for a wage or salary, any business upon which the power to levy a tax is withheld by law.
(d) "Financial Business" means the services and transactions of banks and bankers, trust credit and investment companies, where not prohibited by law, holding companies, dealers and brokers in money, credits, commercial paper, bonds, notes, securities and stocks, monetary metals, factors and commission merchants.
(e) "Tax Year" means the twelve-month period from January 1st to December 31st.
(f) "Gross Receipts" means cash, credits, property of any kind or nature received in or allocable or attributable to the Borough of White Oak from any business or by reason of any sale made, including resales of goods, wares or merchandise taken by a dealer as a trade-in or as part payment for other goods, wares or merchandise, or services rendered or commercial or business transaction had within the Borough of White Oak. without deduction therefrom on account of the cost of property sold, materials used, labor, service, or other cost, interest or discount paid, or any other expense.
"Gross Receipts" shall include:
(1) The amount of any allowance made for goods, wares or merchandise taken by a deal as a trade-in or as part payment for other goods, wares and merchandise in the usual and ordinary course of his business.
(2) In the case of a financial business, the cost of securities and other property sold, exchanged, paid at maturity, or redeemed and moneys or credits received in repayment of advances, credits and loans, but not to exceed the principal amount of such advances, credits and loans, and shall also exclude deposits.
(3) In the case of a broker, any commissions paid by him to another broker on account or a purchase or sales contract initiated, executed or cleared in conjunction with such other broker.
(4) Receipts by dealers from sales to other dealers in the same line at the same price for which he acquired the goods wares or merchandise.
(5) Receipts or that portion thereof attributable to interstate or foreign commerce or to an office or place of business regularly maintained by the taxpayer outside the limits of the Borough of White Oak, and not for the purpose of evading payment of this tax and those receipts which the Borough is prohibited from taxing by law. Such receipts shall be segregated as set forth in Section 353.04(c).
(g) "Collector of Business Privilege Tax" or Collector shall mean a Collector of Business Privilege Tax of the Borough of White Oak.
(h) "Temporary, seasonal or itinerant business" shall mean any business that is conducted at one location for less than sixty consecutive calendar days.
(i) "Gross Receipts" shall include both cash and credit transactions.
(Ord. 3044. Passed 12-16-96.)