3.46.030 – Credit

Any person engaged in the business of operating a lumberyard and pays State and local sales tax on lumber sold shall receive a credit against the amount of tax due pursuant to this Chapter in an amount equal to the State and local sales tax actually received by the City for the sale of such lumber.  In no event shall the credit be greater than the amount of tax due pursuant to this Chapter.

(2005-M-14: § 1; 2004-M-80: § 1)