Sentence Examples with the word net proceeds

Trade between Porto Rico and the United States is free, but upon imports to Porto Rico from foreign countries the Federal government collects custom duties and pays the net proceeds to the insular government.

Mines and mining claims are exempt from taxation, but a quarterly tax is levied on the net proceeds of mines, and is not to be paid a second time so long as the products remain in the hands of the original producer.

I was also aware that being a green hand at whaling, my own lay would not be very large; but considering that I was used to the sea, could steer a ship, splice a rope, and all that, I made no doubt that from all I had heard I should be offered at least the 275th lay--that is, the 275th part of the clear net proceeds of the voyage, whatever that might eventually amount to.