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 shall not be included as gross income.

Examples of Gross proceeds of sales in a sentence

• 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.

• Gross proceeds of sales of a site license to a consumer are subject to B&O tax under the retailing classification, whether or not ownership or title passes to the consumer, and regardless of any express or implied restrictions upon the consumer.

• Gross proceeds of sales and selling price include all consideration paid by the buyer, without any deduction for costs of doing business such as material, labor, and transportation costs, including delivery charges.

• Gross proceeds of sales, or any similar term, means the value proceeding or accruing from the sale, lease, or rental of tangible personal property.

• Gross proceeds of sales of prewritten computer software to consumers are subject to tax under the retail sales and retail services 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. "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.]

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

Gross proceeds of sales means the value actually proceeding from the sale of tangible property without any deduction on account of the cost of property sold or expenses of any kind. The words "Gross Income" and "Gross Proceeds of Sale" shall not be construed to include cash discounts allowed and taken on sales; the proceeds of sales of goods, wares or merchandise returned by customers when the sale price is refunded in cash or by credit; or the sale price of any article accepted as part payment on any new article sold, if the full price of the new article is included in the gross income of gross proceeds of said sale.

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