(A) All persons engaged in any business, occupation, trade or profession in the city for themselves for profit or gain shall pay a license fee subject to requirements in § 111.02, measured by and equal to one and a half (1.50%) percent of net profit realized from such activity.
(B) Wherever the net profit or gain from any trade, occupation or profession is derived from activity or business done both within and without the city, the license fee required under this chapter shall be computed and paid upon the proportion of net profit or gain derived from activity within the city, according to the sworn statement of the licensee.
(C) In all cases of license fees computed upon the basis of apportionment of net profit or gain as herein provided, the apportionment shown by the sworn statement of the licensee or employer or both shall not be binding upon the city but, shall be subject to verification by the administrator of his agents or employees through examination and audit of the books and records of the licensee or his employer, or both if required by the administrator.
(Ord. 12-1972, passed 5-15-72; Am. Ord. 14-1986, passed 6-16-86; Am. Ord. 9-1990, passed 10-8-90; Am. Ord. 12-2005, passed 6-6-05)