§ 117.50 LICENSE FEE ON GROSS REVENUE; TRANSACTION PRIVILEGE TAXES.
   (A)   A video service provider shall pay to the town a license fee as a percentage of gross revenues for the use of the highways to provide video service within its service area. The license fee shall be established by resolution of the Town Council and shall be imposed equally and uniformly on video service providers and holdover cable operators.
      (1)   The license fee shall be paid quarterly on or before the twentieth day of the month following the quarter end, and becomes delinquent on the last business day of that month. If such payment is not made by the next to the last business day of the following month, the town will impose a rate of interest for both underpayments and overpayments in the amount of the federal short-term rate determined pursuant to 26 U.S.C. § 6621(b), plus three percentage points per month commencing from the date payment should have been made, unless the payment is subject to a bona fide dispute, and continuing until the payment is made. Fractions of a month shall be considered to constitute a full month for the purpose of computing interest.
      (2)   The license fee shall be imposed equally and uniformly on all video service providers and holdover cable operators.
   (B)   The total of the rates of the license fee, the transaction privilege taxes imposed and in-kind contributions described in FCC Rule 19-80 (unless agreed to in a separate agreement) shall not exceed a rate of 5%.
   (C)   The payment of the license fee by the licensee to the town shall be made by delivery of the same to the town hall on or before the twentieth day of the month following the quarter end, and becomes delinquent on the last business day of that month.
(Ord. 19-03, passed 11-12-2019)