(a) The tax rate
shall be at an amount equal to _______ percent (___%), not to exceed
one tenth of one percent, of the gross income from the business activity
upon every person engaging or continuing in the business of mining,
smelting, or producing for sale, profit, or commercial use any copper,
gold, silver, or other mineral product, compound, or combination of
mineral products; but not including the extraction, removal, or production
of sand, gravel, or rock from the ground for sale, profit, or commercial
use.
(b) The rate specified
in subsection (a) above shall be applied to the value of the entire
product mined, smelted or produced 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.
