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CITY OF PHILADELPHIA BUSINESS PRIVILEGE TAX REGULATIONS - page 6 / 59

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  • O.

    "Manufacture." The application of skill, science and labor by which raw materials are changed into a new, different and useful article as a result of having undergone a substantial transformation in form, qualities and adaptability in use. The term is limited to that of its common meaning.

  • P.

    "Manufacturer." A person whose business consists in part or in its entirety of the sale of goods, commodities, wares, or merchandise of its own manufacture, growth or production.

  • Q.

    "Monetary Metal Dealers." Dealers in monetary metals are persons engaged in the business of buying and selling gold and silver in bullion or fine state, as distinguished from buying and selling gold and silver which has been processed or manufactured into products or articles for commercial or industrial use.

R. S. T. U.

"Net Income." See Sections 403 and 404 of these provisions. "Net Operating Loss." See Section 411 of these provisions. "Nonbusiness Income." All income (or loss) other than business income.

"Person." Any individual, partnership, limited partnership, association, corporation, estate or trust. When used in any provision prescribing or imposing a penalty, the term “person," as applied to associations, shall mean the partners or members thereof, and as applied to corporations, the officers thereof.

V.

"Port of Philadelphia." Piers, wharves and marine terminal facilities entering into or abutting either the Delaware or Schuylkill Rivers which are within the confines of the City of Philadelphia.

W. X. Y.

"Production." The manufacture of personal property. "Receipts." See Section 301 of these provisions.

"Regulated Industry." A person subject to a tax pursuant to Articles VII (Bank Shares Tax), VIII (Title Insurance and Trust Companies Shares Tax), IX (Insurance Premiums Tax) or XV (Mutual Thrift Institutions Tax) of the Tax Reform Code of 1971 or any public utility operating under the laws, rules and regulations administered by the Pennsylvania Public Utility Commission, all or a portion of the activities of which is to furnish or supply service or services at the rates specified in its tariffs, but not including contract carriers.

Z.

"Residence of an Estate or Trust." The residence of an estate or trust is deemed to be in the county of the court which has jurisdiction of the estate or trust, if no court has assumed jurisdiction the place of residence of the testator or settlor.

AA.

"Retail." The sale of goods, commodities, wares or merchandise other than at wholesale and other than goods, commodities, wares or merchandise of the seller's own manufacture, growth or production.

BB.

"Retailer." A person whose business consists in part or in its entirety of the sale of goods, commodities, wares, or merchandise at retail.

CC.

"Sale." Transfer of title to goods, wares, commodities or merchandise, regardless of where accomplished, the delivery of which is made within the City of Philadelphia. If the other party to the transaction is within the City of Philadelphia, delivery to a location not maintained by the

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(Rev. 08/01)

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