(A) All revenue received for the payment of license taxes and penalties shall be paid into and shall become part of the General Fund of the City of Dry Ridge to be used for general operating expenses of the city.
(B) The different sections and items of this chapter are hereby declared to be severable and is the intention of the City Council that if any portion of this chapter be held invalid then the remaining portions are to be and to remain in full force.
(C) Each license shall be specific to the person and/or entity seeking to conduct business within the city. No such licenses shall be transferrable or assignable. In the event a business is sold or transferred, the license issued to previous owner shall expire on the date of such sale or transfer. The owner shall apply for and obtain a new license prior to initiating business.
(D) For matters of transition from the current process to this provisions of this chapter:
(1) Business entities with a fiscal year ending between October 31st and March 31st - will have their license renewed in July 2017 and effective until the forth month following the close of the next fiscal year.
(2) Business entities with a fiscal year ending between April 30th and September 30th - will have their license extended until the forth month following the end of the fiscal year in 2017.
(E) No refunds will be issued for any IDENTITY that is no longer conducting business within city limits.
(Ord. 828-2017, passed 3-20-17)