A separate license must be obtained for each branch establishment or location of the business transacted and carried on and each license shall authorize the licensee to transact and carry on only the business licensed thereby at the location and in the manner designated in the license; provided, that warehouses and distributing plants used in connection with and incidental to a business licensed under the provisions of this Chapter shall not be deemed to be separate places of business or branch establishment; provided further, that when all of the businesses conducted by one person at one location are subject to taxation on the basis of gross receipts, only one license need be obtained, and the tax shall be based on the entire gross receipts of the business.
In the event that more than one business subject to flat amount of taxation or more than one business subject to both flat amount and gross receipts taxation are carried on at the same location by one person, the license tax to be paid shall be the amount applicable to the highest licensed business plus one-half (1/2) of each additional license of the other businesses conducted at the location.