On all occupations and businesses on which the tax is levied at a yearly rate, the year for such tax shall be deemed to begin with the first day of August of each year and shall end on the last day of July following; the tax for that year shall be due and payable in advance on the first day of August of every year and thereafter shall be delinquent, except that occupation taxes collected from Class C liquor licensees shall be due and payable on November 1 of each year. On all occupations or businesses on which the tax is levied at a daily, monthly, quarterly or similar rate, the tax shall be due and payable in advance before the business begins for the number of days, months, quarters or other terms, as the case may be, for which the occupation or business is to be carried on within the taxing year.
(1979 Code, Ch. 11, § 4)