A business whose tax is based on gross receipts shall compute and pay its business tax and fees as follows:
A. Application. At the time an application is made for a business tax certificate, the applicant shall pay an application fee in an amount set by resolution of the City Council.
B. Renewal. At the termination of the initial period, the business tax certificate holder shall file with the City Treasurer, on a form provided by the Treasurer's Office, a verified statement of gross receipts, or a verified statement of the cost of operations should the taxable gross receipts be less than the cost of operations, for the initial period, and based on the statement, shall pay the tax due for the initial period. At the same time, for the first renewal period, the tax certificate holder shall pay a renewal fee in an amount set by resolution of the City Council and the tax based on the verified statement of gross receipts, or the verified statement of the cost of operations should the taxable gross receipts be less than the projected cost of operations used to estimate gross receipts for the first renewal period. Any such projection shall be reasonable satisfactory to the Tax Collector, who may substitute another projection as necessary to achieve the purposes of this chapter.
1. For each succeeding renewal period, the business tax certificate holder shall pay a renewal fee in an amount set by resolution of the City Council, and shall file a verified statement of gross receipts, or a verified statement of the cost of operations should the taxable gross receipts be less than the cost of operations, for the preceding twelve (12) month period, and shall pay a business license tax computed on such statement at the rate specified for the applicable business category.
2. At the time an application is made for a business tax certificate, or at the time of a renewal of a business tax certificate, where the tax is determined by a flat rate, the applicant or business tax certificate holder shall pay an application fee or renewal fee, in an amount set by resolution of the City Council, in addition to the flat rate tax.
3. The first two hundred thousand dollars ($200,000.00) in annual gross receipts are exempt from calculation of the tax for businesses whose tax rate is based on the gross receipts as listed under § 11.01.245(A).
4. An additional tax of 0.01% will be assessed on gross receipts when reported gross receipts are more than one hundred million dollars ($100,000,000.00) annually.
C. Business planning review fee. At the time an application is made for a business tax certificate, or upon renewal if the business has changed location, the applicant shall pay a business planning review fee in an amount set by resolution of the City Council.
('65 Code, § 19-30) (Ord. No. CS-49 § 11.13; Ord. No. CS-900 § 2; Ord. No. CS-909 § 2; Ord. No. 89-016 § 5; Ord. No. 90-018 § 6; Ord. No. 2006-006 § 1; Ord. No. 2022-012 § 1 (part))