Dan River Mills, Inc. v. City of Danville

The City of Danville elected to adopt a system of license taxes to be measured by the gross receipts of businesses in respect of which the taxes are levied. The taxing ordinance defines “gross receipts” to be “the sales of merchandise and the gross receipts of the business, trade or occupation from all earnings, fees, commissions, brokerage charges and rentals, and from all income whatsoever arising from or growing out of the *659conduct of tlie business * * * during the license tax year immediately precedi/ng the license tax year for which the tax is being computed * * * (Emphasis is, the amount…