It is the intent of the City Council, by the adoption and amendment of the provisions of this chapter, to provide regulatory provisions only, with regard to specific businesses, as set forth in this chapter and to prescribe a schedule of business license taxes, for revenue purposes only, for all businesses, in the amounts and manner as set forth in this chapter. In the event that any business regulated by the provisions of this chapter which is now or hereafter declared by appropriate legal authority to be regulated by the laws of the state to the exclusion of the right of regulations by this city, the provisions of this chapter which are regulatory in nature shall not be deemed to apply to such business or businesses, except that the imposition of the business license tax as set forth in this chapter shall, notwithstanding such determination, apply thereto.
(`83 Code, § 5.04.020)