If a new business commences operation after July 1, but before June 30 of the license year, the business shall pay the minimum annual tax or fee of $50 for the remainder of the tax year. By July 1 of its first year in business, the new business shall make an annual report of its gross receipts for the part of the preceding year in which it conducted business in the city. The new business shall pay a license tax based on the amount which will be produced by multiplying the average monthly gross receipts for the portion of a year by 12. The business shall pay no less than the minimum license fee of $50.
(Ord. G-D, Series 1989, passed - -89; Am. Ord. 3, Series 2022-2023, passed 11-15-22)