(A) The tax rate for 1996 is set at .025% and payment of the tax shall be due June 30, 1997. Any of such tax paid on or before May 31, 1997, shall be subject to a two percent (2%) discount.
(B) Subsequent taxes shall be due and payable by financial institutions at the same time and in the same manner as all other property taxes, as set forth each year by the City Council, with the exception of the tax year 1996, where, because of transition purposes, the taxes shall be due by June 30, 1997.
(Ord. 96-07, passed 9-19-96)
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Cross reference:
Penalty for violation, see § 64.999