A. The daily business transaction tax shall be due and payable each day, in advance.
B. The annual business transaction tax provided for shall be due and payable on the first day of January of each year.
C. There shall be no proration of daily business transaction tax.
D. Annual business transaction taxes prescribed by this chapter shall be diminished by one-twelfth of the full annual business transaction tax for each month of the tax period which has fully lapsed at the date of the business transaction tax application; provided, however, annual business transaction taxes shall not be prorated to an amount less than one-half and full annual business transaction tax.
(Ord. 1397.05.3 § 2 (part), 1993)