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1. Upon every person engaging within the city in business as an extractor; as to such persons <br /> the amount of the tax with respect to such business shall be equal to the value of the products, <br /> including byproducts, extracted within the city for sale or for commercial or industrial use, <br /> multiplied by the rate of one-tenth of one percent, except as provided in (a), (b), (c), (d), and (e) <br /> of this subsection (A)(1). The measure of the tax is the value of the products, including <br /> byproducts, so extracted, regardless of the place of sale or the fact that deliveries may be made <br /> to points outside the city. <br /> a. For the years beginning January 1, 2021, and ending December 31, 2024, upon every <br /> person engaging within the city in business as an extractor; as to such persons the <br /> amount of the tax with respect to such business shall be equal to the value of the <br /> products, including byproducts, extracted within the city for sale or for commercial or <br /> industrial use, multiplied by the rate of one-tenth of one percent where such value is up <br /> to and including eight billion dollars and where such value exceeds eight billion dollars, <br /> the value of such products so exceeding the eight billion dollars shall be multiplied by <br /> the rate of twenty-five-hundredths of one percent; <br /> b. For the years beginning January 1, 2025, and ending December 31, 2027, upon every <br /> person engaging within the city in business as an extractor; as to such persons the <br /> amount of the tax with respect to such business shall be equal to the value of the <br /> products, including byproducts, extracted within the city for sale or for commercial or <br /> industrial use, multiplied by the rate of one-tenth of one percent where such value is up <br /> to and including eight billion five hundred million dollars and where such value exceeds <br /> eight billion five hundred million billion dollars,the value of such products so exceeding <br /> the eight billion five hundred million dollars shall be multiplied by the rate of twenty- <br /> five-hundredths of one percent; <br /> c. For the years beginning January 1, 2028, and ending December 31, 2030, upon every <br /> person engaging within the city in business as an extractor; as to such persons the <br /> amount of the tax with respect to such business shall be equal to the value of the <br /> products, including byproducts, extracted within the city for sale or for commercial or <br /> industrial use, multiplied by the rate of one-tenth of one percent where such value is up <br /> to and including nine billion dollars and where such value exceeds nine billion dollars, <br /> the value of such products so exceeding the nine billion dollars shall be multiplied by the <br /> rate of twenty-five-hundredths of one percent; <br /> d. For the years beginning January 1, 2031, and ending December 31, 2033, upon every <br /> person engaging within the city in business as an extractor; as to such persons the <br /> amount of the tax with respect to such business shall be equal to the value of the <br /> products, including byproducts, extracted within the city for sale or for commercial or <br /> industrial use, multiplied by the rate of one-tenth of one percent where such value is up <br /> to and including nine billion five hundred million dollars and where such value exceeds <br /> nine billion five hundred dollars,the value of such products so exceeding the nine billion <br /> five hundred dollars shall be multiplied by the rate of twenty-five-hundredths of one <br /> percent; and <br /> LI 2021 ORDINANCE: Business&Occupation Tax Page 2 of 11 <br />