(A) Requirements. Except as provided in division (D) of this section, if a license tax required by this subchapter is based upon gross receipts, the applicant for a business privilege license shall be required to submit the amount of its gross receipts from the license tax year immediately preceding in such detail and in such manner as the office of the Collector of Revenue may require.
(B) Procedures. If a license tax required under this subchapter is based on gross receipts, and more than 50% of the receipts are derived from an activity for which there is a single classification in this chapter, the licensee may compute its license tax by applying all gross receipts per location to the rate established for the selected classification and purchase only one license per location. The licensee, however, may be subject to additional license taxes which the state authorizes the town to levy, depending on the licensee's business, and for which a separate license must be purchased.
(C) Definition. The term GROSS RECEIPTS, as used in this section, means all earnings, receipts, fees, commissions, brokerage charges, rentals and income whatsoever arising from or growing out of the conduct of the business, occupation or profession licensed under this chapter during the license tax year immediately preceding the license tax year for which the tax is being computed, without any deduction whatsoever, unless otherwise expressly provided.
(D) Exception. Any business that pays the maximum annual tax on its gross receipts shall not be required to submit the amount of its gross receipts in order to purchase a license.
(E) Confidentiality of information. All information regarding gross receipts or other information furnished or secured under the authority of this subchapter shall be kept in strict confidence by the office of the Collector of Revenue, its officials and employees; shall not be subject or open to public inspection; and, except as provided in this subchapter, shall be utilized solely by the office of the Collector of Revenue, its officials and employees for administering the provisions of this subchapter; provided, however, summaries of this information may be shared with appropriate town officials and employees for purposes of research and analysis.
(1995 Code, § 14-24) (Ord. passed 5-30-1995)