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processing for hire; as to such persons,the amount of tax on such business shall be <br /> equal to the gross income of the business multiplied by the rate of one-tenth of one <br /> percent where such gross income is up to and including nine billion dollars and where <br /> such gross income exceeds nine billion dollars, such gross income so exceeding the nine <br /> billion dollars shall be multiplied by the 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 the business of(1) printing, (2) both printing and <br /> publishing newspapers, magazines, periodicals, books, music, and other printed items, <br /> (3) publishing newspapers, magazines and periodicals, (4) extracting for hire, and (5) <br /> processing for hire; as to such persons,the amount of tax on such business shall be <br /> equal to the gross income of the business multiplied by the rate of one-tenth of one <br /> percent where such gross income is up to and including nine billion five hundred million <br /> dollars and where such gross income exceeds nine billion five hundred million dollars, <br /> such gross income so exceeding the nine billion five hundred million dollars shall be <br /> multiplied by the rate of twenty-five-hundredths of one percent; and <br /> e. For the years beginning January 1, 2034, upon every person engaging within the city <br /> in the business of(1) printing, (2) both printing and publishing newspapers, magazines, <br /> periodicals, books, music, and other printed items, (3) publishing newspapers, <br /> magazines and periodicals, (4) extracting for hire, and (5) processing for hire; as to such <br /> persons,the amount of tax on such business shall be equal to the gross income of the <br /> business multiplied by the rate of one-tenth of one percent. <br /> 6. Upon every person engaging within the city in the business of making sales of retail services; <br /> as to such persons,the amount of tax with respect to such business shall be equal to the gross <br /> proceeds of sales multiplied by the rate of one-tenth of one percent,except as provided as <br /> follows: <br /> a. For the years beginning January 1, 2022, and ending December 31, 2024, upon every <br /> person engaging within the city in the business of making sales of retail services; as to <br /> such persons,the amount of tax with respect to such business shall be equal to the <br /> gross proceeds of sales multiplied by the rate of one-tenth of one percent where such <br /> gross proceeds are up to and including eight billion dollars and where such gross <br /> proceeds exceed eight billion dollars,such gross proceeds so exceeding the eight billion <br /> dollars shall be multiplied by 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 the business of making sales of retail services; as to <br /> such persons,the amount of tax with respect to such business shall be equal to the <br /> gross proceeds of sales multiplied by the rate of one-tenth of one percent where such <br /> gross proceeds are up to and including eight billion five hundred million dollars and <br /> where such gross proceeds exceed eight billion five hundred million dollars,such gross <br /> proceeds so exceeding the eight billion five hundred million dollars shall be multiplied <br /> by the rate of twenty-five-hundredths of one percent; <br /> LI 2021 ORDINANCE: Business&Occupation Tax Page 8 of 11 <br />