3.12.050 Deductions.
This section is included in your selections.
In computing the tax, there may be deducted from the gross operating revenues the following items:
(1) The amount of credit losses and uncollectible accounts actually sustained by the taxpayer.
(2) Amounts from a business which the Town is prohibited from taxing under the Constitution of this State or the Constitution or laws of the United States.
(3) Adjustments made to billing or to a customer account in order to reverse a billing or charge that had been made as a result of third-party fraud or other crime and was not properly a debt of a customer. (Ord. 344-N, §7, 2008)