Ordinance 1966-356 - Laserfiche WebLink

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herein provided, but if any such accounts are thereafter collected by the taxpayer, a tax shall be paid upon the amounts so collected. 2-15. The proceeds of sales to and purchases of tangible personal property by a person engaged in the business of manufacturing, compounding for sale, profit or use, any article, substance, or commodity, which tangi- ble personal property enters into the processing of or becomes an ingredient or component part of the product which is manufactured, compounded or fur- nished or the container, label, or the furnished shipping case thereof, shall be deemed to be wholesale sales and shall be deemed to be exempt from taxation. 2-16. The proceeds of sales and purchases of electricity, gas, coal, fuel oil or coke, for use in processing, manufacturing, mining, refining, irrigation, telegraph, telephone and radio communication, street and rail- road transportation services and all industrial uses, and newsprint and printers' ink for use by publishers of newspapers and commercial printers shall be deemed to be wholesale sales and shall be exempt from taxation, except that proceeds from sale of electricity, gas, coal, fuel oil or coke used for lighting or space heating in these operations shall not be exempt. 2-17. When right to continuous possession or use of any article of tangible personal property is granted under a lease or contract and such transfer of possession would be taxable if an outright sale were made, such lease or contract shall be considered the sale of such article and the tax shall be computed as each payment is made and paid as in the case of an outright sale taxable hereunder. 2-18. This gross receipts tax is imposed on the amount of the full purchase price of articles received after manufacture or after having been made to order and includes the full purchase price of materials used and - 4 -