For purposes of IMC 5.32.030(B) through (I), “gross income” means the value proceeding or accruing from the sale of tangible property or service, including the recovery of taxes, 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 deductions on account of the cost of the property sold, the cost of materials used, labor costs, interest or discount paid, taxes, or any expense whatsoever, and without any deduction on account of losses. (Ord. 2883 § 4, 2019; Ord. 2634 § 1, 2011).