A franchise fee rate of 5% of gross revenues derived from the operation of the cable system to provide cable service (as defined in S.C. Code § 58-12-120) is imposed for all cable service providers upon expiration of an existing franchise with the municipality or upon termination by the cable service provider of an existing franchise with the municipality. Notwithstanding any provisions of the expired or terminated franchise, the municipality, in the event of expiration or termination by the cable service provider of the franchise reserves all rights to impose on the cable service provider all ad valorem taxes, service fees, sales tax or other taxes and fees lawfully imposed or to be imposed on other businesses within the municipality.
(Ord. 2006-7, passed 10-2-2006)