(A) The rate for business licenses for retail telecommunications service for 1999 shall be 0.03 percent (0.03%) of 1998 gross income, due on October 1, 1999, and payable by January 31, 2000, without penalty.
(B) The telecommunications business license tax shall be due on January 1 in each year, beginning in the year 2000. Declining rates shall not apply. Taxes are payable without penalty by January 31 following the due date. After January 31, the delinquent penalty shall be five percent (5%) of the tax due each month, or portion thereof, after the due date until paid.