(A) There is levied and imposed an annual license fee which shall be imposed at the rate of 1.5% of net profits up to and including $20,000, and at the rate of 1% of that part of net profits exceeding $20,000 (up to a maximum license fee of $500) for all businesses, professions or occupations from activities conducted in the city.
(B) Where such net profits are earned for work done or services performed or rendered both within and without the city, the license fees shall be measured by such part of the net profits as is earned as a result of work done or services performed or rendered in the city. The license fees shall be computed by obtaining the percentage which the net profits for work performed or services rendered within the city bears to the total net profits earned.
(C) Each person, association, corporation or other entity engaged in any occupation, trade, profession or other activity in the city (other than certain businesses, occupations, vehicles and devices defined in § 110.15 of this chapter) shall pay a minimum license fee of $50 to the city, payable in advance, at the time the estimated net profits return described in § 110.08 of this chapter is filed, for each fiscal year (or fraction thereof in the case of a new business). The fiscal year is to be for the period commencing on May 11 of each year and ending May 10 of each succeeding year. The minimum fee of $50 shall be a credit on the license fee as otherwise provided in this chapter only for the fiscal year which the minimum fee covers and shall not be a credit for any subsequent year. The maximum license fee under this chapter for each occupation, trade or profession shall be $500 per year; except that, the license fee shall be set at a flat rate of $1,000 for any manufacturing company that employs 50 or more persons. Any manufacturing company with less than 50 employees shall be subject to the standard net profits license fee as set out above.
(D) In the event any person, firm or corporation desires to engage in any business, profession or trade after November 11 of each year, he or she shall pay the license fee at one-half the yearly minimum. The net profits return shall be based on a minimum of $2,500 and a maximum of $10,000 for the period covered by this half-year license fee or one-half the amount of the set license fee as set out in this chapter.
(E) No license fee under this chapter shall be required of domestic servants employed in private homes.
(Prior Code, § 110.01) (Ord. A-27, passed 3-24-1969; Ord. passed 11-16-1970; Ord. passed 5-16-1978)