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In computing said tax there shall be deducted from said gross operating revenues the following items:

(1) The amount of credit losses and uncollectibles actually sustained by the taxpayer;

(2) Amounts derived from transactions in interstate or foreign commerce or from any business which the City is prohibited from taxing under the Constitutions of the United States or the State of Washington. [Ord. 2300 § 6, 1981; Code 1970 § 5.32.060.]