(a) The provisions of this article shall not apply to:
(1) Insurance companies which pay the state a tax upon premiums; provided, that such exemption shall not extend to that part of gross income of insurance companies which is received for the use of real property, other than property in which any such company maintains its office or offices, in the City, whether such income is in the form of rentals or royalties;
(2) Nonprofit cemetery companies organized and operated for the exclusive benefit of their members;
(3) Fraternal societies, organizations and associations organized and operated for the exclusive benefit of their members and not for profit; provided, that this exemption shall not extend to that part of gross income arising from the sale of alcoholic liquor, food and related services of such fraternal societies, organizations and associations which are licensed as private clubs under the provisions of W. Va. Code Ch. 60, Art. 7;
(4) Corporations, associations and societies organized and operated exclusively for religious or charitable purposes; or
(5) Production credit associations, organized under the provisions of the federal Farm Credit Act of 1933; provided, that the exemptions of this section shall not apply to corporations or cooperative associations organized under the provisions of W. Va. Ch. 19, Art. 4;
(6) Any credit union organized under the provisions of chapter 31 or any other chapter of the Code of West Virginia; provided, that the exemptions of this section shall not apply to corporations or cooperative associations organized under the provisions of W. Va. Ch. 19, Art. 4;
(7) Gross income derived from advertising service rendered in the business of radio and television broadcasting; and
(8) The gross income or gross proceeds of sale of a gasification or liquefaction of coal project in the demonstration, pilot or research states; provided, that prior to the commencement of operation of any such project, the tax commissioner of the state shall have first certified the project as eligible for such exemption; provided, further, that such exemption shall expire seven years from the date the project first receives gross income or gross proceeds from sales.
(Ord. 2005-06-03. Passed 3-20-06.)
(9) All businesses that have been newly annexed into the City shall have a one- year exemption from Business and Occupation tax.
(Ord. 2017-2018-3. Passed 12-12-17.)
(b) An organization is "charitable" for purposes of (4) above it satisfies both of the following criteria:
(1) It is exempt from Federal Tax, under 26 U.S.C. §§ 501(c)(3), and
(2) Its purposes include relief of poverty, advancement of education, advancement of religion, promotion of health, governmental or municipal purposes, or other purposes that are beneficial to the community.
(Ord. 2005-06-03. Passed 3-20-06.)