(a) A person taxable under Section 741.10 with respect to selling products at wholesale in the City shall be allowed a non-refundable credit against those taxes for any:
(1) Manufacturing taxes paid by such person with respect to the manufacturing of products so sold at wholesale in this City; and/or
(2) Extracting taxes paid by such person with respect to the extracting of products so sold at wholesale in this City or ingredients of products so sold at wholesale in this City.
(b) For purposes of this section:
(1) Manufacturing tax means a gross receipts tax imposed by a municipality or other local government unit on the act or privilege of engaging in the business as a manufacturer and includes the tax imposed on Section 741.09 and similar gross receipts taxes paid to the municipalities or other local government units (other than state governments) within the United States.
(2) Extracting tax means a gross receipts tax imposed by a municipality or other local government unit on the act or privilege of engaging in the business as a producer of natural resource products and includes the tax imposed in Section 741.08 and similar gross receipts taxes paid to other municipalities or other local government units within the United States (other than state governments) within the United States.
(3) Gross receipts tax means a tax which is imposed on or measured by the gross volume of business in terms of gross receipts or in other terms and in the determination of which deductions allowed would not constitute the tax an income tax or value added tax and which is not, pursuant to law or custom, separately stated from the sales price.
(Ord. 2005-06-03. Passed 3-20-06.)