3.10.060 Deductions.
This section is included in your selections.
In computing the tax levied under this chapter, there shall be deducted from the gross income the following items:
A. Income derived from transactions in interstate or foreign commerce or from any business which the city is prohibited from taxing under the Constitution of the United States or the state of Washington;
B. The amount of credit losses and uncollectibles actually sustained by taxpayers whose regular books of account are kept upon an accrual basis.