Ordinance 2200-97 - Laserfiche WebLink

• • 0101/S,mnim' ORDINANCE NO.2200-97 AN ORDINANCE amending Ordinance No. 1487-87 as amended by Ordinance No. 2010-94 (Everett Municipal Code Chapter 3.28, Business and Occupation Tax- Utilities) as it relates to taxation of cellular telephone service. WHEREAS, the City of Everett, in the exercise of its tax powers deems it necessary and advisable to impose a tax upon certain business activities in the City of Everett; WHEREAS, Ordinance No. 1418-87 as amended by Ordinance No. 2010-94, previously added to the occupation taxes, a tax on cellular telephone service, and WHEREAS, clarifications are needed in said ordinance as well as provision for fraud and bad debt, NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: SECTION 1: EMC 3.28.020 A which reads as follows: A. "Gross income" means the value proceeding or accruing from the sale of tangible property or service, and receipts by reason of the investment of capital in the business engaged in, including rentals, royalties, fees or other emoluments, however designated (excluding receipts or proceed from the use or sale of notes, bonds, mortgages or other indebtedness or stock and the like) and without any deduction on account of the cost of the property sold, the cost of materials used, labor costs, interest or discount paid, or any expense whatsoever, and without any deduction on account of losses. be and the same is hereby amended to read as follows: A. "Gross Income" means the value preceding or accruing by reason of the transaction of the business engaged in and includes gross proceeds of sales, compensation for the rendition of services, gains realized from trading stocks, bonds, or other fees, commissions, dividends, and other emoluments however designated, all without any deduction on account of the cost of tangible property sold, the cost of materials used, labor costs, interest, discount, delivery costs taxes, or any other expenses whatsoever paid or accrued and without any deduction on account of losses, O