(A) (1) Commencing on January 1, 1989, the total amount of all utility taxes (hereinafter called “Taxes”) imposed by this chapter upon any service user for any one commercial or industrial plant location during any one calendar year shall not exceed the amount of $90,000.
(2) Commencing on January 1, 1990, and annually thereafter, the taxes payable pursuant hereto shall be adjusted in relation to the Consumer Price Index issued by the Bureau of Labor Statistics of the United States Department of Labor for All Urban Consumers of the Greater Los Angeles Area as follows:
(a) For the taxes set forth in division (A)(1) of this section; and
(b) For the most recent month for which such price index figure is available on the date any such taxes are due and annually thereafter.
(3) The adjustment in the taxes for any such one-year period shall be determined as follows:
(4) The price index figure for (a), the price index figure for (b) and the annual license fee set forth in the division (A)(1) of this section shall be the basis upon which such adjustment shall be computed. The difference, if any, between the price index figure for (a) and the price index figure for (b) shall be ascertained by subtracting the lesser from the greater of such figures. Thereafter, such differences shall be divided by the price index figure for (a) which will provide the percentages of change, if any, in the price index figure. If such percentage of change represents an increase, then the taxes shall be the taxes as set forth in division (A)(1) of this section plus the sum derived by multiplying the taxes by such percentage of change. In no event, however, shall any taxes be less than those amounts set forth in the division (A)(1) of this section.
(B) Those service users whose total amount of all utility taxes imposed by this chapter for any one commercial or industrial plant location during any one calendar year exceeds $70,000 may pay such annual maximum amount directly to the Director of Finance in two installments of $35,000 each. Each such installment shall be due and payable to the city on or before January 1 and July 1 of each calendar year. Upon receipt of each such installment, the Director of Finance shall notify each service supplier not to impose the utility users tax required by this chapter for the ensuing six-month period.
(C) Any service user paying more than the maximum tax provided for in this section during any one calendar year may claim a refund or credit for such overpayment in the manner provided in § 5.71.150 of this code.
(D) The phrase “one commercial or industrial plant location” as used in this section shall mean one or more contiguous sites for which the service user receives one or more utility billings.
('86 Code, § 5.71.152) (Ord. 3928, passed - - ; Am. Ord. 3943, passed - - ; Am. Ord. 4075, passed - - )