(1) “Business” includes any activity engaged in by any person, or caused to be engaged in by the person, with the object of gain, benefit, or advantage, either direct or indirect. “Business” does not include occasional and isolated sales or transactions by a person not routinely engaged in business;

(2) “Cost,” as applied to any public use facility, has the same meaning as set forth in § 7-88-103;

(3) “Gross sales” means the sum total of all sales under this part as defined in this section, without any deduction whatsoever of any kind or character, except as provided in this part;

(4) “Municipality” means any incorporated city or county located in this state;

(5) “Person” includes any individual, firm, partnership, joint venture, association, corporation, estate, trust, business trust, receiver, syndicate, or other group or combination acting as a unit;

(6) “Public authority” means any agency, authority or instrumentality described by § 7-88-103;

(7) “Qualified public use facility” means a building, complex, center or facility described by § 7-88-103;

(8)

(A) “Sale” means any transfer of title or possession, or both, exchange, barter, lease or rental, conditional or otherwise, in any manner or by any means whatsoever, of tangible personal property for a consideration, and includes the fabrication of tangible personal property for consumers who furnish, either directly or indirectly, the materials used in fabrication work, and the furnishing, repairing or servicing for a consideration of any tangible personal property consumed on the premises of the person furnishing, preparing or serving the tangible personal property;

(B) “Sale” includes a transaction whereby the possession of property is transferred but the seller retains title as security for the payment of the price;

(C) “Sale” includes the furnishing of any of the things or services taxable under this part; and

(D) “Sale” includes sales of tickets, fees or other charges made for admission to amusement or theme parks or other tourist attractions;

(9)

(A) “Sales price” means the total amount for which tangible personal property or services rendered is sold, including any services that are a part of the sale, valued in money, whether paid in money or otherwise, and includes any amount for which credit is given to the purchaser by the seller, without any deduction from the price on account of the cost of the property sold, the cost of materials used, labor or service cost, losses, or any other expense whatsoever; provided, that “sales price” does not include any additional consideration given by the purchaser for the privilege of making deferred payments, regardless of whether the additional consideration is known as interest, time price differential on conditional sales contracts, carrying charges or any other name by which it is known, and does not include any additional consideration received by a motor vehicle dealer from a lender for the sale or assignment to the lender of a chattel lease or conditional sales contract; provided, further, that the “sales price” shall be reduced by the deductions set forth in § 67-4-711;

(B) “Sales price” for services rendered by a person for an affiliated business entity does not include any amount that is accounted for as a reasonable allocation of cost incurred in providing the service; and

(C) “Sales price” does not include any advertising cost paid by a seller to an auctioneer for the purpose of advertising an auction, when no portion of the payment is retained as profit by the auctioneer, and when the payment has been placed in an escrow or a trust account by the auctioneers on behalf of the seller;

(10)

(A) “Services” means and includes every activity, function or work engaged in by a person for profit or monetary gain, except as otherwise provided in this part. Services for profit or monetary gain does not include services rendered by a person for an affiliated business entity; provided, that the services are accounted for as allocations of cost incurred in providing the service without any markup whatsoever; and

(B) “Services” does not include sales of tangible personal property;

(11)

(A) “Tangible personal property” means and includes personal property that may be seen, weighed, measured, felt or touched, or is in any other manner perceptible to the senses; and

(B) “Tangible personal property” does not include stocks, bonds, notes, insurance or other obligations or securities, nor does it include any materials, substances or other items of any nature inserted into or affixed to the human body by duly licensed physicians or dentists or otherwise dispensed by them in the treatment of patients; and

(12) “Tourism development zone” means an area described by § 7-88-103.