Ordinance 2017-1739 - Laserfiche WebLink

Home Browse Search

of the patient for whom the medicine, drug or poison is offered and directions, if any, to be placed on the label. 43. "Price" or "Purchase Pnce" means the aggregate value measured in currency paid or delivered or promised to be paid or delivered in consummation of a sale, without any discount from the price on account of the cost of matenals used, labor or service cost, and exclusive of any direct tax imposed by the federal government or by this article, and, in the case of all retail sales involving the exchange of property, also exclusive of the fair market value of the property exchanged at the same time and place of the exchange, if: (1) Such exchanged property is to be sold thereafter in the usual course of the retailer's business, or (2) Such exchanged property is a vehicle and is exchanged for another vehicle and both vehicles are subject to licensing, registration, or certification under the laws of this state, including, but not limited to, vehicles operating upon public highways, off-highway recreation vehicles, watercraft, and aircraft Any money or other consideration paid over and above the value of the exchanged property is subject to tax. Pnce or Purchase Price includes. (1) The amount of money received or due in cash and credits (2) Property at fair market value taken in exchange but not for resale in the usual course of the retailer's business. (3) Any consideration valued in money, whereby the manufacturer or someone else reimburses the retailer for part of the purchase pnce and other media of exchange (4) The total price charged on credit sales including finance charges which are not separately stated at the time of sale An amount charged as interest on the unpaid balance of the purchase pnce is not part of the purchase price unless the amount added to the purchase pnce is included in the principal amount of a promissory note, except the interest or carrying charge set out separately from the unpaid balance of the purchase pnce on the face of the note is not part of the purchase pnce An amount charged for insurance on the property sold and separately stated at the time of sale is not part of the purchase price (5) Installation, applying, remodeling or repainng the property, delivery and wheeling -in charges included in the purchase pnce and not separately stated. (6) Transportation and other charges to effect delivery of tangible personal property to the purchaser. (7) Indirect federal manufacturers' excise taxes, such as taxes on automobiles, tires and floor stock. (8) The gross purchase pnce of articles sold after manufactunng or after having been made to order, including the gross value of all the matenals used, labor and service performed and the profit thereon Price or Purchase Pnce shall not include. Ordinance No 1739, Series 2017 Page 8 of 31