(a) There is levied and shall be collected annual privilege taxes against the persons, on account of the business and other activities, and in the amount to be determined by the application of rates against values or gross income as set forth in this article.
(b) This article shall not be construed to assess a tax upon any person, business, service or property upon which the State does not impose a similar tax.
(1975 Code Sec. 10-62, 10-63)