Except as otherwise herein provided as to certain licenses, the license year shall begin June 1 of each year and shall terminate at midnight on May 31 of the following year. Original licenses shall be issued for the balance of the license year at the full license fee; except that, after December 1, the fee for any license shall be one-half the full amount, if the full fee is $10 or more. License applications for license renewals shall be accepted and licenses issued for a period of 15 days prior to the annual expiration date. In all cases where the provisions of this business title permit the issuance of licenses for periods of less than one year, the effective date of such licenses shall commence with the date of issuance thereof.
(Prior Code, § 7.5)