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1 <br />2 <br />3' <br />41 <br />5 <br />6 <br />7 <br />8 <br />9 <br />to <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />exempt from taxation measured by income or gross receipts under Article XI II, <br />Section 26 of the California Constitution. <br />6. For the purposes of this Section, "Gross Receipts" shall mean any <br />transfer of title or possession, exchange or barter, conditional or otherwise, in <br />any manner or by any means whatsoever, of tangible personal property for a <br />consideration including any monetary consideration for marijuana whatsoever, <br />including, but not limited to, membership dues, reimbursements or the total <br />amount, in any calendar year of cash or in -kind contributions, including all <br />operating costs related to the growth, cultivation or provision of marijuana or any <br />transaction related thereto. The term "Gross Receipts" shall also include the total <br />amount, in any calendar year, of the sale price of all sales, the total amount <br />charged or received for the performance of any act, service or employment of <br />whatever nature it may be, whether or not such service, act or employment is <br />done as a part of or in connection with the sale of goods, wares, merchandise, <br />for which a charge is made or credit allowed, including all refunds, cash credits <br />and properties of any amount or nature, any amount for which credit is allowed <br />by the seller to the purchaser without any deduction therefrom, on account of the <br />cost of the property sold, the cost of materials used, the labor or service cost, <br />interest paid or payable, losses, or any other expense whatsoever; provided that <br />cash discounts allowed or payment on sales shall not be included. "Gross <br />Receipts' shall also include the amount of any federal, manufacturer's or <br />importer's excise tax included in the price of property sold, even though the <br />manufacturer or importer is also the retailer thereof and whether or not the <br />amount of such tax is stated as a separate charge. "Gross Receipts" shall not <br />include the amount of any federal tax imposed on or with respect to retail sales <br />whether or not the amount of such tax is stated as a separate charge. "Gross <br />Receipts" shall not include the amount of any federal tax imposed on or with <br />respect to retail sales whether imposed upon the retailer or the consumer and <br />CITY OF - MEDICAL MARIJUANA TAX INITIATIVE [PROPOSED] -2 <br />