(Reserved for Local Option #P)
Section Number
420.00
*This information is for Model City Tax Code purposes only.
++(Local Option #P:
Sec. ___-420. Feed at wholesale.
(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 business of the sale of feed, salt, vitamins, and other additives to feed, to persons engaged in the raising or feeding of livestock or poultry purchased or raised for slaughter, with no deduction for the income derived from the "resale" of such feed.
(b) The tax imposed by this Section shall not apply to:
(1) out-of-City sales.
(2) out-of-State sales.)++