5.32.040 Tax – Deduction.
This section is included in your selections.
In computing the tax imposed by IMC 5.32.030, there shall be deducted from the total gross income, the following items:
A. The amount of credit losses and uncollectibles actually sustained by the taxpayer;
B. Amounts derived from transactions in interstate or foreign commerce or from any business which the City is prohibited from taxing under the Constitution of the United States or the State of Washington. (Ord. 1358 § 4, 1978).