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(e) The term "gross income of the business" means the
<br /> income value proceeding or accruing by reason of the transaction of the
<br /> business engaged in and includes gross proceeds of sales , compensation
<br /> for the rendition of services, gains realized from trading in stocks,
<br /> ponds or other evidences of indebtedness , interest , discount, rents,
<br /> royalties, fees , commissions, dividends and other emoluments however
<br /> designated, all without any deduction oneccount of the cost of
<br /> tangible Property sold, the cost of materials used, labor costs,
<br /> interest, discount , delivery costs , taxes or any other expense what-
<br /> soever paid or accrued and without any deduction on account of losses.
<br /> (f) The term "value proceeding or accruing" means the
<br /> value consideration, whether money, credits , rights orother property ex-
<br /> accruing pressed in terms of money, actually received or accrued. The term
<br /> shall be applied, in each case , on a cash receipts or accrual basis
<br /> according to which method of accountin-° is regularly employed in
<br /> keeping the books of the taxpayer. The clerk may Provide by regula-
<br /> tion that the value proceeding or accruing from sales on the install-
<br /> ment plan under conditional contracts of sale may oe reported as of
<br /> the dates when the payments become due.
<br /> (g) The word "extractor" means every person who, from
<br /> extractor his own land or from the land of another under a right or license
<br /> ranted oy lease or contract , either directly or by contractingwith
<br /> others for the necessary l.aDor or mechanical services, for sale or
<br /> commercial use, mines, quarries, takes or produces coal, oil , natural
<br /> , as, ore, stone , sand, `ravel, clay, mineral or other natural resource
<br /> product, or fells, cues or takes -L.ilstr or
<br /> or takes , cultivates , or raises fish, :sell fish or other sea or
<br /> inland water foods or products , but does not include persons perform- '
<br /> ing under contract the necessary labor or mechanical services for
<br /> of ,.ers.
<br /> ( a) The word "manufacturer'" means every person vino,
<br /> zither oy
<br /> manufac- or mechanical services, manufactures for sale or commercial use from
<br /> turer his own materials or ingredients any articles , substances or commodi-
<br /> ties. When the owner of equipment or facilities furnishes , or sells
<br /> to the customer rrior to manufactu-e , all or a. portion of tie riateri-
<br /> ' als that become a part or whole of the manufactured article , the
<br /> clerk shall prescribe eouitable rules for determining tax liability.
<br /> (i) The term "to manufacture" embraces all activities
<br /> of a commercial nature wherein labor or skill is applied, by hand or
<br /> machinery, to materials so that as a result thereof a new, different
<br /> or useful article of tangible personal property or substance of trade
<br /> or commerce is produced and shall include the production or fabrica-
<br /> tion of special made or custom made articles.
<br /> ( j) The term "commercial use" means the following
<br /> uses of products by the extractor or manufacturer thereof:
<br /> 1. Manufacturing of articles, substances oar
<br /> corn: odities from extracted products ;
<br /> 2 . Leasing or renting of extracted or
<br /> manufactured products ;
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