(A) In the event the tax payment required under § 115.03 is less than an amount sufficient to yield an annual license tax calculated at two percent (2%) of net income, equal to or in excess of the minimum license taxes set forth below, then the tax provided by the occupational license tax ordinance applicable to the licensee’s trade, occupation or profession shall apply and be charged as a minimum license tax hereunder.
(B) Except as otherwise required or exempt herein, the minimum license taxes provided by the occupational license tax ordinance are $50 per year for all business types, or $25 for three (3) days for agents, representatives, or solicitors taking or soliciting orders or making sales.
(C) If the tax shown on a taxpayer’s return for any tax period exceeds the minimum license tax paid, the taxpayer shall be credited with the amount of minimum license tax paid. Only minimum license taxes paid during and for the tax year for which the return is being filed can be claimed as a credit.
(D) The Tax Administrator has been authorized to collect the category of each business based on the North American Industry Classification System (NAICS) for internal tracking purposes.
(Ord. 0-2008-002, passed 1-14-08; Am. Ord. 0-2011-026, passed 9-12-11; Am. Ord. 0-2012-006, passed 2-27-12; Am. Ord. 0-2013-028, passed 9-23-13; Am. Ord. O-2019-22, passed 8-12-19; Am. Ord. O-2021-22, passed 10-11-21)
Penalty, see § 115.99