§ 111.01 PERIOD OF LICENSE.
   (A)   Unless otherwise provided, a license issued pursuant to this chapter is valid for that 12-month period beginning July 1 and ending June 30. The tax is due July 1 of each year. However, if a person begins business after July 1 in any year, the tax for that year is due before the business is begun.
   (B)   If, a license is issued for a period of 1 day, 1 week or some comparable period of less than a full license year, the licensee may not continue the business beyond the period for which the license is issued. The tax on a business is due not later than the day prior to commencement of the business.
   (C)   If for any reason a licensee discontinues his or her business during a license year, he or she is not entitled to a refund.
(1981 Code, § 8-8)