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• <br /> B. To make a deduction authorized by Sections 7 thorough <br /> 10, inclusive, a taxpayer must be able to document that the <br /> amount deducted was used in computing the amount of an <br /> eligible gross receipts tax and that the taxpayer paid the <br /> tax due thereon. <br /> Section 11: Exclusions and Deductions--Effective Date. <br /> A. The deductions authorized in Sections 7 through 10 shall <br /> take effect as to business activity occurring on or after <br /> July 1, 1987 . <br /> B. To clarify the tax periods covered in subsection (A) <br /> above, it is the intent of the Everett City Council that the <br /> credits provided in sections 7 through 10 shall be applied <br /> to tax reporting periods before July 1, 1987, and that <br /> relief for such periods shall be limited to the granting of <br /> such credits. Accordingly, the exclusions and deductions <br /> authorized in sections 7 through 10 shall take effect as to <br /> business activity occurring on or after January 1, 1987 . <br /> Taxpayers claiming deductions or exemptions for the period <br /> of January 1, 1987 through July 1, 1987 , may file amended <br /> returns with the Everett City Clerk. Amended returns for <br /> said period will not be accepted after March 31, 1993 . <br /> Section 12 : Determination of Values. <br /> A. The value of products, including by-products, extracted <br /> or manufactured shall be determined by the gross proceeds <br /> derived from the sale thereof whether such sales is at <br /> wholesale or at retail, to which shall be added all <br /> subsidies and bonuses received from the purchaser or from <br /> any other person with respect to the extraction, <br /> manufacture, or sale of such products or by-products by the <br /> seller, except: <br /> 1. Where such products, including by-products, are <br /> extracted or manufactured for commercial or <br /> industrial use; <br /> 2 . Where such products, including by-products, are <br /> shipped, transported or transferred out of the <br /> city, or to another person, without prior sale or <br /> are sold under circumstances such that the gross <br /> proceeds from the sale are not indicative of the <br /> true value of the subject matter of the sale. <br /> B. In the above cases the value shall correspond as nearly <br /> as possible to the gross proceeds from sales in this city of <br /> similar products of like quality and character, and in <br /> similar quantities by other taxpayers, plus the amount of <br /> subsidies or bonuses ordinarily payable by the purchaser or <br /> by any third person with respect to the extraction, <br /> 14 <br />