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kind, nature or description, from either sales made or services rendered without any deductions
<br />• therefrom on account of cost of the property sold, the cost of materials, labor or service or other
<br />costs, or any expense whatsoever; provided, the term "gross receipts" with respect to
<br />manufacturers and wholesale merchants manufacturing or dealing in articles upon which there is
<br />levied a direct excise tax by the United States shall not include such excise tax payments to the
<br />United States Government. The term "gross receipts" when used in connection with or in respect
<br />to, financial transactions involving the sale of notes, stocks, bonds or other securities, or the loan,
<br />collection or advance of money, or the discounting of notes, bills or other evidences of debt, shall
<br />be deemed to mean the gross interest, gross discount, gross commission or other gross receipts
<br />earned by means of, or resulting from, such financial transactions, but the term "gross receipts'
<br />shall not include amounts received as payment of debts.
<br />The term "gross receipts" shall include the gross receipts from all sales made from a place of
<br />business within the city, both to persons within the city and to persons outside the city.
<br />The following items are excluded from gross receipts:
<br />(1) ...
<br />(2) ...
<br />(3) Any amount representing returns and allowances granted by the business to its
<br />customers.
<br />(4) ...
<br />License Year shall mean the calendar year for which a license is issued for the privilege
<br />of engaging in business.
<br />Merchant shall mean any person whose business, or any part of it, consists of buying, or
<br />otherwise acquiring, and selling, leasing or otherwise disposing of goods, wares, merchandise,
<br />commodities, supplies, machinery, equipment or any other article of personal property.
<br />Person shall mean any individual, corporation, partnership, association, company,
<br />business. trust. Joint venture, or other legal entity.
<br />Professional services shall mean services performed by architects, attorneys -at -law,
<br />certified public accountants, dentists, engineers, land surveyors, surgeons, veterinarians, and
<br />practitioners of the healing arts (the arts and sciences dealing with the prevention, diagnosis,
<br />treatment and cure or alleviation of human physical or mental ailments, conditions, diseases, pain
<br />or infirmities) and such occupations, and no others, unless as the Virginia Department of
<br />Taxation adds to the list in the BPOL guidelines promulgated pursuant to Virginia Code Section
<br />58.1-3701. The word "profession" implies attainments in professional knowledge as
<br />distinguished from mere skill, and the application of knowledge to uses for others rather than for
<br />personal profit.
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