A. In the absence of provision to the contrary, all fees and charges for licenses and permits shall be paid in advance at the time application therefor is made to the Clerk. When an applicant has not engaged in the business until after July 1, the license fee shall be prorated by half. Except as otherwise provided, all license fees shall become a part of the Corporate Fund. Fees for business licenses not specifically specified in this Code shall be one hundred fifty dollars ($150.00) per year; provided however, said fees shall be subject to change by the President and Board of Trustees when a designation for said business is established.
B. Any business in operation in the Village of Streamwood, on January 1, which has not properly renewed their business license by March 31, shall incur a penalty equal to fifty percent (50%) of the original license fee detailed herein. (Ord. 2003-52, 11-20-2003)