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the tax laws of the state unless otherwise provided. (4-7-69, <br /> <br />§ 90.) <br /> <br />Sec. 16A-2. "Gross receipts" defined; calculation of gross re- <br /> <br />ceipts. <br /> <br />The term "gross receipts," as used in this chapter, shall <br /> <br />mean the gross receipts from any business, profession, trade, <br /> <br />occupation, vocation, calling or activity, including cash, cred- <br /> <br />its, fees, commissions, brokerage charges and rentals, and <br /> <br />property of any kind, nature or description, from either sales <br /> <br />made or services rendered without any deduction therefrom <br /> <br />on account of cost of the property sold, the cost of materials, <br /> <br />labor or service or other costs, interest or discounts paid, or <br /> <br />any expense whatsoever, and shall include in case of mer- <br /> <br />chants the amount of the sale price of supplies and goods <br /> <br />furnished to or used by the licensee or his family or other per- <br /> <br />son for which no charge is made; provided, that the term <br /> <br />"gross receipts" with respect to manufacturers and whole- <br /> <br />sale merchants manufacturing or dealing in articles upon <br /> <br />which there is levied a direct excise tax by the United States <br /> <br />shall not include such excise tax payments to the United <br /> <br />States Government. <br /> <br />The term "gross receipts" when used in connection with, <br /> <br />or in respect to, financial transactions involving the sale of <br /> <br />notes, stocks, bonds or other securities, or the loan, collection <br /> <br />or advance of money, or the discounting of notes, bills or other <br /> <br />evidences of debt, shall be deemed to mean the gross interest, <br /> <br />gross discount, gross commission or other gross receipts <br /> <br />earned by means of, or resulting from such financial trans- <br /> <br />actions, but the term "gross receipts" shall not include <br /> <br />amounts received as payment of debts. <br /> <br />The term "gross receipts" shall include the gross receipts <br /> <br />from all sales made from a place of business within the city, <br /> <br />both to persons within the city and to persons outside the <br /> <br />city. <br /> <br />The calculation of gross receipts for license tax purposes <br /> <br />shall be on either a cash or accrual basis; provided, that the <br /> <br />basis used must coincide with the system of accounts used by <br /> <br />the taxpayer and the method employed by the taxpayer for <br /> <br />Federal and State Income Tax purposes. (4-7-69, § 90.) <br /> <br />238.4 <br /> <br />Supp. # 12, 8-69 <br />