It is the purpose and policy of the Town Council in this chapter to equalize as far as practicable the burden of license taxation among those liable to taxation, by adopting for general application, but subject to any restrictions or exceptions imposed by state or federal law, or to any restrictions or exceptions as may be imposed specifically in this chapter, a system of license taxes measured by classified gross receipts of the business, profession, trade, or occupation in respect to which the tax is levied. The license tax shall be for the support of town government and for the payment of the debt of the town.
(1998 Code, § 14-38)