There is hereby imposed upon each holder of a certificate an annual tax for each vehicle authorized by such certificate to be operated as a taxicab. This tax shall be due and payable at the same time and in the same manner as business license taxes. No new certificate shall become valid until the tax imposed by this section has been paid and the validity of each certificate at any time shall be contingent upon payment, for the current license year, of the annual tax imposed by this code. (See G.S. § 20-97)
(Ord. 93-14, passed 12-13-93)