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ORD 74-01 B & O TAXORDINANCE NO. 74- / AN ORDINANCE OF THE CITY OF WINSLOW, WASHINGTON, AMENDING ORDINANCE NO. 68-26, AS AMENDED BY ORDINANCE NO. 69-3, WHICH IMPOSES A BUSINESS AND OCCUPATION TAX UPON CERTAIN BUSINESSES AND REDUCES THE RATE THEREOF THE CITY COUNCIL OF THE CITY OF WINSLOW, WASHINGTON, DO ORDAIN AS FOLLOWS: 1. Section 3 of Ordinance 68-26 which now reads as follows: "Section 3. (a) From and after March 1, 1969, there is hereby levied upon, and there shall be collected from, every person, firm or corporation engaged in carrying on a telephone business for hire within or partly within the corporate limits of the Town of Winslow an annual tax for the privilege of so doing, such tax to be equal to five per cent (5%) of the total gross subscribers' stat'~exchange revenues from business and residence telephone service (excluding message units) in the Town of Winslow. (b) From and after March 1, 1969, there is hereby levied upon and there shall be collected from every person, firm or corporation engaged in carrying on the business of selling or furnishing electric light or power within or partly within the corporate limits of the Town of Winslow an annual tax to be equal to five per cent (5%) of the total gross income from such business in the Town. Gross income as used herein means the value proceeding or accruing from the sale of tangible property or service, and receipts, (including all sums earned or charged, whether received or not) by reason of the investment of capital in the business engaged in, including rentals, royalties, fees or other emoluments, however designated (excluding receipts or proceeds from the use or sale of real property or any interest therein, and proceeds from the sale of notes, bonds, mortgages, or other evidences of indebtedness, or stocks and the like) and without any deduction on account of the cost of the property sold, the cost of materials used, labor costs, interest or discount paid, or any expense whatsoever." be and hereby is deemed amended to read as follows: Section 3. (a) From and after March 1, 1974, there is hereby levied upon, and there shall be collected from, every person, firm or corporation engaged in carrying on a telephone business for hire within or partly within the corporate limits of the City of Winslow an annual tax for the privilege of so doing, such tax to be equal to three and one-half per cent (3-1/2%) of the total gross subscribers' station exchange revenues from business and residence telephone service (excluding message units) in the City of Winslow. (b) From and after March 1, 1974, there is hereby levied upon and there shall be collected from every person, firm or corporation engaged in carrying on the business of selling or furnishing electric light or power within or partly within the corporate limits of the City of Winslow an annual tax to be equal to three and one-half per cent (3-1/2%) of the total gross income from such business in the City. Gross income as used herein means the value proceeding or accruing from the sale of tangible property or service, and receipts, (including all sums earned or charged, whether received or not) by reason of the investment of capital in the business engaged in, including rentals, royalties, fees or other emoluments, however designated (excluding receipts or pro- ceeds from the use or sale of real property or any interest therein, and proceeds from the sale of notes, bonds, mortgages, or other evidences of indebtedness, or stocks and the like) and without any deduction on account of the cost of the property sold, the cost of materials used, labor costs, interest or discount paid, or any expense whatsoever. 2. All other provisions of Ordinance 68-26 as amended by Ordinance No. 69-3 shall be deemed to be in full force and effect and not modified or repealed except insofar as any provision thereof may be in conflict with this amending ordinance in which case this amending ordinance shall control. 3. This ordinance shall be in full force and effect on and after publication in the manner required by law but not before March 1, 1974. PASSED by the City Council of the City of Win, this 7th day of January, Attest: City Clerk 1974. Mayor / / City Attorney