All licenses issued under this chapter shall be due on January 1 of each year, and all licenses shall expire on December 31 of each year succeeding the date issued. No license shall be issued for less than a full year except in the case of a new business, in which case the applicant for that license not in that business prior to the date of application may be issued a license with the tax prorated for that portion of the license year, and any fraction of a month of the license year remaining shall be counted as a full month, and no license tax shall be prorated for an amount less than one-fourth of the license tax for the entire year.
('84 Code, § 410.4, § 3) (Ord. 1980-6, effective 3-12-80)