The license fee for each business, as defined in § 37.071, is as set forth and indicated below.
(A) (1) Except as specifically provided in divisions (B) through (C) of this section, every person shall pay each year a license fee to the City in the amount of three and one-half tenths of 1% (.0035) of his or her gross receipts or $75, whichever is greater, but not more than a maximum of $20,000. The maximum liability imposed by this section herein shall increase or decrease annually based upon a factor equal to the Consumer Price Index (CPI).
(2)
In addition, the maximum payment amount shall be automatically adjusted on an annual basis in accordance with the annual change in the Consumer Price Index, as determined by the Federal Bureau of Labor Statistics rounded up to the nearest $100. The City shall provide the information on the new maximum payment amount contemporaneous with the annual renewal forms when they are mailed out.
(B) Every person engaged as a vendor upon the street shall pay a license fee of three and one-half tenths of 1% (.0035) of his or her gross receipts, but not less than the amount of $75 per year or $25 per day.
(1995 Code, § 3.20.220) (Ord. O-94-27, passed - - ; Am. Ord. O-2008-006, passed 4-7-2008; Am. Ord. O-2019-014, passed 6-11-2019)