There is imposed on each place of business located in the city an annual Business Registration Fee of $35 for each consecutive 12 month period. The fee is imposed pursuant to Section 3-38-3 NMSA 1978 as it now exists or is amended and shall be known as the "Business Registration Fee". In order to operate a more uniform system of business registration, the city may prorate the business registration fee by monthly increments during the initial registration adjustment period. After the initial registration adjustment period, renewals of business registration shall be for a full 12-month period. Other than during the initial registration adjustment period, the business registration fee shall not be prorated for business conducted for a portion of the year.
('74 Code, § 10-14-3) (Ord. 53-1981; Am. Ord. 42-1988; Am. Ord. 60-1993; Am. Ord. 17-1994)