There shall be an exemption in every case of fifty dollars ($50.00) in amount of tax computed under the provisions of this article. A person exercising a privilege taxable hereunder for a fractional part of a tax year shall be entitled to an exemption of the sum bearing the proportion of fifty dollars ($50.00) that the period of time the privilege is exercised bears to a whole year. Only one exemption shall be allowed to any one person, whether he exercises one or more privileges hereunder.
(Ord. 73-1. Passed 1-12-73.)