Howard Pore, Inc. v. State Commissioner of Revenue

The general sales tax law of the State, Act No. 167, Pub. Acts 1933, as amended, * imposes, subject to specified exceptions and deductions, an annual privilege tax on all persons engaged in the business of making sales of tangible personal property at retail. The amount of such tax is determined on the basis of 3 per cent, of the gross proceeds of such sales. Section 1 of the statute as originally enacted defined the term “gross proceeds” as follows:

“(c) The term ‘gross proceeds’ means the amount received in money, credits, property or other money’s worth in consideration of sales at retail…