(a) The following conditions are hereby imposed on the authority of the Town Commission to levy business tax:
(1) The tax shall be based upon reasonable classifications and shall be uniform throughout any class.
(2) No business tax levied hereunder shall be at a rate greater than that in effect in the town for the year beginning October 1, 1971; however, beginning October 1, 1980, the Town Commission may increase the business tax authorized by Chapter 205, Florida Statutes. The amount of such increase above the tax rate levied or October 1, 1971, for license taxes levied at a flat rate may be up to 100% for business taxes which are $100 or less; 50% for business taxes that are between $101 and $300; and 25% for business taxes that are more than $300. Beginning October 1, 1982, such increase shall not exceed 25% for business taxes that are more than $300. Beginning October 1, 1982, such increase shall not exceed 25% for business taxes levied at graduated or per unit rates. Such authority to increase business taxes shall not apply to any utility franchised by the town for which a franchise fee is paid.
(3) No business tax certificate shall be issued for more than one year and all tax certificates shall expire on October 1 of each year except as otherwise provided by law.
(Ord. 2007-04, adopted 6-6-07)