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trading in stocks, bonds or other evidences of
<br /> indebtedness, interests, discounts, rents,
<br /> royalties, fees, commissions, dividends, and other
<br /> emoluments however designated, all without any
<br /> deduction on account of the cost of tangible
<br /> property sold, the cost of materials used, labor
<br /> costs, interest, discount, delivery costs, taxes
<br /> or any other expense whatsoever paid or accrued
<br /> and without any deduction on account of losses.
<br /> L. "Gross proceeds of sales" means the value
<br /> proceeding or accruing from the sale of tangible
<br /> personal property and/or for services rendered
<br /> without any deduction on account of the cost of
<br /> property sold, the cost of materials used, labor
<br /> costs, interest, discount paid, delivery costs,
<br /> taxes, or any other expense whatsoever paid or
<br /> accrued and without any deduction on account of
<br /> losses.
<br /> M. "In this city " or "within this city" includes
<br /> all federal areas lying within the exterior
<br /> boundaries of the City of Everett.
<br /> N. "Manufacturer" means every person who, either
<br /> directly or by contracting with others for the
<br /> necessary labor or mechanical services,
<br /> manufactures for sale or for commercial or
<br /> industrial use from his own materials or
<br /> ingredients any articles, substances or
<br /> commodities. When the owner of equipment or
<br /> facilities furnishes, or sells to the customer
<br /> prior to manufacture, all or a portion of the
<br /> materials that become a part or whole of the
<br /> manufactured article, the City Clerk shall
<br /> prescribe equitable rules for determining tax
<br /> liability.
<br /> 0. "Nonprofit" means only those persons or
<br /> organizations which qualify as a nonprofit entity
<br /> pursuant to the Internal Revenue Code of 1954 , as
<br /> amended.
<br /> P. "Person" or "company" , herein used
<br /> interchangeably, means any individual, receiver,
<br /> assignee, trustee in bankruptcy, trust, estate,
<br /> firm, copartnership, joint venture, club, company,
<br /> joint stock company, business trust, municipal
<br /> corporation, corporation, association, society, or
<br /> any group of individuals acting as a unit, whether
<br /> mutual, cooperative, fraternal, nonprofit or
<br /> otherwise and the United States or any
<br /> instrumentality thereof.
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