Ordinance 1387-87 - Laserfiche WebLink

• I 1 reported as subject to tax under subsection B of Section 3 2 (EMC 3 . 24. 030) 3 C. Deduction for Everett extraction for activity 4 taxed elsewhere : A person taxable under subsection A 5 (engaging in extracting) of Section 3 (EMC 3 . 24. 030) may 6 deduct from the measure of the tax: 7 (1) The value of products extracted in Everett and 8 sold outside the state of Washington and subjecte. 9 to an eligible gross receipts tax outside the 10 state of Washington on making sales at wholesale 11 or retail ; and 12 (2) The value of products extracted in Everett and 13 manufactured outside the state of Washington and 14 subjected to an eligible gross receipts tax 15 outside the state of Washington on manufacturing. 16 The amount of any deduction on any transaction shall not 17 exceed the value of the product so extracted in Everett and 18 reported as subject to tax under subsection A of Section 3 19 (EMC 3 . 24. 030) . 20 21 Section 4. Multiple Activity Exclusion--determination; 22 documentation. 23 A. A determination by a court, the State of Washingto 24 Department of Revenue , or the Washington Attorney General 25 that an out-of-state or foreign tax qualifies for a credit 26 upon the Washington business and occupation tax under 27 RCW 82 . 04. 440 (5) shall establish tit the tax is an "eligible 28 gross receipts tax" for purposes of Sections 1 through 4. 29 Unless the taxpayer proves otherwise , a determination by a 30 court of the State of Washington that such a tax does not 31 qualify for a credit under RCW 82 . 04. 440(5) shall render 32 the amounts of the transactions ineligible for a deduction -5-