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property sold, the cost of materials used, the labor or service cost, <br />interest paid or payable, losses, or any other expense whatsoever; <br />provided that cash discounts allowed or payment on sales shall not <br />be included; <br />(F) The amount of any federal manufacturer's or importer's excise tax <br />included in the price of property sold, even though the manufacturer <br />or importer is also the retailer thereof; <br />(G) The amount of any California state cannabis excise tax or state <br />cannabis cultivation tax included in the price of the product; <br />(H) "Gross receipts" shall not include the following: <br />i. The amount of any federal tax imposed on orwith respect to retail <br />or wholesale sales or the sale of services whether imposed upon <br />the cannabis business or the consumer whenever the amount of <br />federal tax is authorized by law to be stated and passed through <br />to customers as a separate charge. <br />ii. Any California state, county, or city sales or use tax, including any <br />add -on, district, or transaction and use tax, required by law to be <br />included in or added to the purchase price and collected from the <br />consumer or purchaser, or such part of the sales price of any <br />property previously sold and returned by the purchaser to the <br />seller which is refunded by the seller by way of cash or credit <br />allowances given or taken as part payment on any property so <br />accepted for resale; or <br />iii. The amount of the sale price of business personal property (all <br />property owned or leased by a cannabis business operator used <br />in the operation cannabis business activities, including but not <br />limited to: furniture, fixtures, and business equipment); real <br />property, including land, buildings and other improvements. <br />iv. The amount of equity contributions, investments, and/or loan <br />proceeds to cannabis business' operation, and/or proceeds from <br />the sale or transfer of cannabis business' retail or commercial <br />cannabis business. <br />v. The amount of interparty sales and/or transfers of goods within a <br />single vertically and/or horizontally integrated cannabis business, <br />where the sales or transfers goods are between two or more <br />commercial cannabis business licensees (excluding testing <br />facilities or testing laboratories), or one or more said commercial <br />cannabis business licensee(s) and one or more medicinal <br />Ordinance No. NS-3026 <br />Page 60 of 69 <br />