Gross proceeds of sales definition

Gross proceeds of sales means the value proceeding or accruing from the sale of tangible personal property, digital goods, digital codes, digital automated services or for other services rendered, without any deduction on account of the cost of property sold, the cost of materials used, labor costs, interest, discount paid, delivery costs, taxes, or any other expense whatsoever paid or accrued and without any deduction on account of losses.

Gross proceeds of sales means the value proceeding or accruing

Gross proceeds of sales means the value proceeding or accruing from the sale of tangible personal property without any deduction on account of the cost of property sold, expense of any kind or losses, but cash discounts allowed and taken on sales are not included as gross income.

Examples of Gross proceeds of sales in a sentence

• Gross proceeds of sales or gross income from commissions received from a person providing services or property to the customers of the hotel.

• Gross proceeds of sales or gross income that is properly included in another business activity under this Article and that is taxable to the person engaged in that business activity, but the gross proceeds of sales or gross income to be deducted shall not exceed the consideration paid to the person conducting the activity.

• Gross proceeds of sales or gross income from transactions or activities that are not limited to transients and that would not be taxable if engaged in by a person not subject to tax under this Article.

• Gross proceeds of sales or gross income from transactions or activities that are not limited to transients and that would not be taxable if engaged in by a person subject to taxation under Section 8A-410 or Section 8A-475 due to an exclusion, exemption or deduction.

• Gross proceeds of sales of prewritten computer software to consumers are subject to B&O tax under the retailing classification, whether or not ownership or title passes to the buyer, and regardless of any express or implied restrictions upon the buyer.

More Definitions of Gross proceeds of sales

Gross proceeds of sales means the value, whether in

Gross proceeds of sales. , or any similar term, means the value proceeding or accruing from selling, leasing, or renting tangible personal property or the value proceeding or accruing from selling, providing, furnishing, or rendering a service.

Gross proceeds of sales means the value, whether in money or other property,

Gross proceeds of sales means the value credited or accruing to a seller from the sale of tangible personal property, and for services rendered, without allowances or

Gross proceeds of sales means the value credited or accruing to a seller from the sale of tangible personal property, and for services rendered, without allowances or deduction for the cost of the property sold, costs of the transaction, costs of the materials used, labor expense, interest, discounts, delivery costs, taxes, or any other allocated or allocable expense or loss.

Gross proceeds of sales means the value proceeding or accruing from the sale of tangible personal property and for services rendered without any deduction on account of the cost of property sold, the cost of materials used, labor costs, interest, discount paid, delivery

Gross proceeds of sales. "Gross proceeds of sales" means the value proceeding or accruing from the sale of tangible personal property or for services rendered, without any deduction on account of the cost of property sold, the cost of materials used, labor costs, interest, discount paid, delivery costs, taxes, or any other expense whatsoever paid or accrued and without any deduction on account of losses. (Mandatory) “Manufacturing.” “Manufacturing” means the activity conducted by a manufacturer and is reported under the manufacturing classification. (Mandatory unless you don’t tax manufacturing activities) [Comment: This definition is not contained in state law, however RCW 35.102.120 requires that the model ordinance include this definition.] "Manufacturer," "to manufacture." (1) "Manufacturer" means every person who, either directly or by contracting with others for the necessary labor or mechanical services, manufactures for sale or for commercial or industrial use from the person’s own materials or ingredients any products. When the owner of equipment or facilities furnishes, or sells to the customer prior to manufacture, materials or ingredients equal to less than twenty percent (20%) of the total value of all materials or ingredients that become a part of the finished product, the owner of the equipment or facilities will be deemed to be a processor for hire, and not a manufacturer. (Mandatory) (A business not located in this City that is the owner of materials or ingredients processed for it in this City by a processor for hire shall be deemed to be engaged in business as a manufacturer in this City.)(Optional) [Comment: This definition differs from that found in RCW