(A) Whenever this chapter levies a privilege license tax computed on the basis of gross receipts, GROSS RECEIPTS means the amount reported as gross receipts on a business’s state income tax return, or on the federal income tax return, or on federal income tax return filed with the income tax return if the state return does not separately state gross receipts, for the most recently completed tax year.
(B) If a business has not been in operation long enough for the information required in division (A) of this section to be available, the Tax Collector shall estimate gross receipts for the business, based on gross receipts of comparable businesses or any other information that the Tax Collector considers useful.
(Ord. O-98-6, passed 6-8-1998)