4-2-5: NEW BUSINESSES:
   A.   Initial Tax: Any business not specifically mentioned or classified in this chapter which is locating, or doing business in the city for the first time shall, before receiving a business license from the city, pay the tax imposed by section 4-2-4 of this chapter. The amount of said tax shall be calculated based upon the taxpayer's best estimate of the average quarterly number of employees, square feet, and business locations which the business will have within the city the remainder of that calendar year.
   B.   Adjustment: Each new business shall, upon renewal of its business license in the first full year following the year it began doing business in the city, be subject to an adjustment. This adjustment shall be based upon the difference between the estimates of employees, and square feet occupied supplied by the business to the city at its initial application, and the actual average quarterly number of employees, and square feet, and business locations which the taxpayer had during its initial year of doing business in the city. The licensing authority shall recalculate this initial tax based upon these actual figures and, if the resulting amount is greater than the actual tax paid by the taxpayer in the preceding year, shall impose a surcharge to be collected at the same time, and in the same way as the renewal tax. If the actual tax is less than the initial tax, the licensing authority shall apply a credit against the renewal tax in the amount of the difference. (Ord. 1252, 4-9-1996; amd. 2000 Code)