(A) All persons shall display the license issued to them on the original form provided by the License Official in a conspicuous place in the business establishment at the address shown on the license. A peddler, transient or non-resident shall carry the license upon his person or in a vehicle used in the business readily available for inspection by any authorized agent of the town.
(B) A change of address must be reported to the License Official within ten days after removal of the business to a new location and the license will be valid at the new address upon written notification of the License Official and compliance with zoning and building codes. Failure to obtain the approval of the License Official for a change of address shall invalidate the license and subject the business to prosecution for doing business without a license.
(C) A business license may be transferable. In the event of a sale or transfer of a business, the purchaser or new owner(s) may apply to the License Official for a credit for taxes previously paid toward the new license taxes. Upon determination by the License Official that the new business is the same as the previously licensed business, and the seller and the purchaser agree to the transfer, the License Official shall deduct from the taxes due a prorated credit for license taxes paid. The applicant (purchaser) for such credit shall pay an administrative tax of $50, notwithstanding such credits, such application shall be made within the same license year of the transfer or sale.
(D) The transfer of any partial ownership shall be reported to the License Official within the same license year. The administrative tax shall not be applicable to a partial ownership transfer.
(Ord. 21064, passed 9-14-21)