When used in this section, the phrase “normal tax” shall mean the tax computed by the application of rates against values or gross income as set forth in Section 755.25 et seq. of this article, less exemption at the rate of fifty dollars annually or at the rate of four dollars and sixteen cents per month for the period actually engaged in business.
The normal tax shall be computed by the application of rates against values or gross income as set forth in this article.
(Ord. 203. Passed 5-17-76.)