Where compensation is received in property, its fair market value, at the time of receipt, shall be subject to a license tax. Board and lodging and similar items shall be included in earnings at their fair market value, where the board and lodging is considered part of the compensation paid. However, the value accepted for the purpose of the state and federal payroll taxes may be accepted by the City Manager.
(1977 Code, § 20-261) (Ord. 68-10, passed 6-24-1968)