Cash, credits, property of any kind or nature, received from conducting any business or by reason of any sale made, including resales of goods, wares or merchandise taken by a dealer as a trade-in or as part payment for other goods, wares or merchandise or services rendered or commercial or business transactions, without deduction therefrom on account of the cost of property sold, materials used, labor, service or other cost, interest or discount paid or any other expense. Receipts from a person engaged in the business of insurance shall also include receipts from rental real estate situated in cities of the first class, but shall not include interest, dividend and capital gain receipts. Nothing in this definition shall preclude the taxation of other nonpremium business receipts of persons engaged in the business of insurance. For the tax year 2001 through and including tax year 2006, any receipts, or portion of receipt, from the specific business conducted by an information technology company. This Ordinance shall take effect on July 1, 2001.
Italics indicate matter added.
This is a true and correct copy of the original Bill, Passed by the City Council on June 22, 2000. The Bill was signed by the Mayor on September 12, 2000.