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568
<br />
<br />(iv)
<br />
<br />Payments made to other building and loan
<br />associations which represents their share of
<br />interest under participation agreements; and
<br />
<br />(v) Gains or losses on the sale of real estate
<br /> acquired by foreclosure.
<br />
<br />As to a business established outside the city but maintaining an
<br />office within the city through an agent, broker, or employee,
<br />"gross receipts" shall include the total sales or receipts
<br />attributable to the local office or facility, agent, broker or
<br />employee.
<br />
<br />In the event separate sales or receipt records are
<br />for said local office or facility, agent, broker or employee,
<br />in the event any retailing, wholesaling, manufacturing, or
<br />processing activity conducted thereat does not generate gross
<br />receipts as hereinabove defined, or in the event said local
<br />office or facility, agent, broker, or employee is engaged in
<br />providing administrative or management related services, to
<br />include, but not limited to, record keeping, data processing,
<br />research and development, advertising, public relations,
<br />personnel administration, or legal services, in connection with
<br />sales or services performed or rendered elsewhere, the business
<br />tax shall be based upon an amount which bears the same proportion
<br />to the total gross receipts of the business which cost of
<br />maintaining said local office, facility, local agent, broker or
<br />employee bears to the total cost of maintaining said business.
<br />
<br />not maintained
<br /> or
<br />
<br />As to a business established within the city but maintaining a
<br />local branch office or establishment through an agent, broker, or
<br />employee engaged in providing administrative or management
<br />related services within the city, the business tax shall be based
<br />on an amount equivalent to the cost of doing business
<br />
<br />As to a business established outside the city but transacting and
<br />carrying on business within the city, or otherwise performing or
<br />rendering services negotiated, or contracted for within the city,
<br />whether or not by a principal or through an agent or employee,
<br />"gross receipts" shall include the total fees, commissions, or
<br />other receipts attributable to the business activity conducted.
<br />
<br /> "Independent Contractor" shall mean any natural person other
<br />than a state licensed contractor, who is engaged to aid in the
<br />business of any other person, whether as a professional as
<br />defined hereinbelow, or whether pursuant to any license,
<br />certificate or registration authorized by the California Busines~
<br />and Professions Code, as the same now exists or as hereafter
<br />amended, or whether with regard to any other trade, skill or
<br />occupation, and who receives renumeration either through
<br />commission, or pursuant to any contract of employment which
<br />excludes regular wages or salary, or in any other manner other
<br />than through regular wages, salary or a direct participation in
<br />the profits of the business.
<br />
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