Upon every person engaging or continuing within the town in the business of furnishing any real or tangible personal property which has a tax situs in the town, or any interest therein, for hire, loan, lease or otherwise, whether the return be in the form of rentals, royalties, fee or otherwise, the tax shall be 1% of the gross income of any such activity. The term
TANGIBLE PERSONAL PROPERTY, as used herein, shall not include money or public security.
(Ord. passed 6-30-1971; Ord. passed 7-1-1976; Ord. 1990-05, passed 6-12-1990; Ord. passed 2-14-2006)