Ordinance 3292 - Laserfiche WebLink

,, • n . f . is Ii E r_ LC- i Section 9: DEDUCTIONS kLLO vED I CU irUTING LICEreSE FELS: i TIOivS In computing the license ; fee or tax there may be deducted from the measure of tax the following items: (a) Amounts derived by persons, other than those engaging in banking, Joan, security or other financial businesses, 1 from investments or the use of money as such. (b) Amounts derived from bona fide initiation fees , dues, contributions, donations, tuition fees and endowment funds. The provisions of this paragraph shall not be construed to exeijipt any person, association or society from tax liability upon selling j tan Tible personal property or upon providing facilities or services for which a special charge is made to members or others: Provided that dues which are for, or graduated upon, the amount of service i rendered by the recipient thereof are not permitted es a deduction hereunder. t (c ) The amount of cash discount actually t aken by the purchaser. This deduction is not allowed in arriving at the taxable amount under the extractive and/or manufacturing classifications with, respect to articles produced or manufactured, the reported values of which , for the purpose of this tax, have been computed according to the provisions of Section 5 hereof. I? (d) The amount of credit losses actually sustained by taxpayers whose regular books of account are kept upon an accrual ! basis. it ti (e) Amounts derived from business which the City is prohibited from taxing under the constitution or laws of the State or the constitution or laws of the United States , and any amounts collected by the taxpayer as an excise tax . ,, (f) Amounts derived by any person as compensation for i' the receiving, washing, sorting and packing of fresh perishable horticultural products and the -material and supplies used therein when performed for the person exempted in subsection (d) of Section L herein, either as agent or as independent contractor. (g) Amounts derived as compensation for services rendered or to be rendered to patients by a hospital or other institution devoted to the care of human beings with respect to the prevention or treatment of disease , sickness or suffering, when such hospital or other institution is operated by the United States of America or any of its instrumentalities , or by the State of Washington, or any of its political_ subdivisions. (h) Amounts derived as compensation for services ; rendered to patients by a hospital or other institution which is i ox ani zed Es a non-profit corporation devoted to the care of human beings with respect to the 1:revention or treatment of disease , sickness or sufierin; : Provided, That no part of the net earnings ;' received by such an institution shall inure, directly or indirectly, to any person other than the institution entitled to deduction here- under: Provided further, That in no c 1 - shall any such deduction e allowed, unless the hospital building is entitled to exemption jE from taxation under the property tax laws of this state , end unless the superintendent or other proper officer of the institution shall , under oath, make annual reports to the State Board of health of its receipts and disbursements during the preceding year, specifying in detail the sources fromwhich receipts have been derived , and the object to which disbursements have been applied, and shall furnish in - 19