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any deduction on account of any of the following: <br />(i) The cost of tangible property sold or bartered; <br />(ii) The cost of materials or products used, labor or service cost, <br />interest paid, losses, or other expense; or <br />(iii) The cost of transportation of the marijuana, or other property <br />or product. <br />(b) Business license tax rates for Marijuana Collectives /Cooperatives. <br />(1) Every Collective /Cooperative, excepting a qualified "Nonprofit <br />Organization ", whether it is organized or conducted as a "not for profit' business, a <br />"non- profit" business, or a "for- profit business," shall pay a separate business license <br />tax at a rate of up to ten percent (10 %) of the gross receipts generated or otherwise <br />received for each branch establishment or separate property location of the business. <br />The gross receipts tax shall be initially set at a rate of five percent (5 %). The maximum <br />tax rate shall not exceed ten percent (10 %) of gross receipts. This tax shall not be <br />adjusted for inflation pursuant to Section 21 -121 of this Chapter. <br />(2) Notwithstanding the maximum tax rate of ten percent (10 %) of <br />gross receipts imposed under subsection (b)(1), the City Council may in its <br />discretion at any time by ordinance implement a lower gross receipts tax rate for <br />all Marijuana Collectives /Cooperatives, as defined in such ordinance, subject to <br />the maximum rate of ten percent (10 %) of gross receipts. The City Council may <br />by ordinance increase any such gross receipts tax rate from time to time, not to <br />exceed the maximum gross receipts tax rate established under subsection (b)(1). <br />(3) As part of the gross receipts tax imposed by this article, each <br />Collective /Cooperative shall pay a minimum basic rate of two thousand dollars <br />annually for each separate branch location or separate property location of the <br />business. <br />(c) Modification, Repeal or Amendment. <br />The City Council may repeal the ordinance codified in this article, or amend it in a <br />manner which does not result in an increase in the tax or taxes imposed herein, without <br />further voter approval. The City Council may likewise by ordinance adopt and add <br />additional provisions to any other article of this Chapter and relate them to this article, or <br />amend any existing provisions of any article of this Chapter as they may already relate <br />to this article in any manner which does not result in an increase in the tax or taxes <br />imposed herein, without further voter approval. If the City Council repeals said <br />ordinance or any provision of this article, it may subsequently reenact it without voter <br />approval, as long as the reenacted ordinance or section does not result in an increase <br />in the tax or taxes imposed herein. <br />14 <br />55D -41 <br />