(A) An occupation tax, in the amount of 5% of the gross receipts received in each quarter of each calendar year from the conduct of lotteries and raffles, is hereby imposed on a person or organization owning, operating or leasing a place of business within the city where lotteries and/or raffles are conducted, whether or not any other type of business is conducted on the premises.
(B) This tax shall be paid to the City Clerk-Treasurer within one month following the end of the applicable quarter for deposit by the City Clerk-Treasurer to the General Fund.
(C) Upon payment, the Clerk-Treasurer shall issue an occupation tax certificate which shall then be displayed in a prominent place where the lottery and/or raffle is being conducted.
(1998 Code, § 10-905)