(a) The tax rate
shall be at an amount equal to _______ percent (___%) of the gross
income from the business activity upon every person engaging or continuing
in the following businesses:
(1) felling,
producing, or preparing timber or any product of the forest for
sale, profit, or commercial use.
(2) extracting,
refining, or producing any oil or natural gas for sale, profit,
or commercial use.
(b) The rate specified
in subsection (a) above shall be applied to the value of the entire
product extracted, refined, produced, or prepared for sale, profit,
or commercial use, when such activity occurs within the City, regardless
of the place of sale of the product or the fact that delivery may
be made to a point without the City or without the State.
(c) If any person
engaging in any business classified in this Section ships or transports
products, or any part thereof, out of the State without making sale
of such products, or ships his products outside of the State in an
unfinished condition, the value of the products or articles in the
condition or form in which they existed when transported out-of-State
and before they enter interstate commerce shall be the basis for assessment
of the tax imposed by this Section.
(d) (See Eagar
and Flagstaff city pages)
