§ 37.109  TAX RATE.
   There is levied a tax on each person engaging in new office, industrial and commercial development within the corporate limits of the Town of Collierville outside the Town Historic District, as defined by the Federal Register of Historic Places and Town of Collierville, which tax is to be paid at the time of the issuance of a building permit at a rate of $.25 per gross square foot of floor area of all new office, industrial and commercial developments.
(`83 Code, § 6-805)