Unless the section of this chapter levying the privilege license tax applicable to a particular business provides otherwise, a license issued in accordance with this chapter is good for the 12-month period beginning May 1 and ending April 111. The tax is due on May 1 of each year and subject to a late fee of 5% of the amount of the license every 30 days for a maximum of 25% of initial tax due with a minimum penalty of $5 as imposed by G.S. § 105-236(2) after June 30 with the exception of a past due date of May 31 for the year of 2012. However, if a person begins a business after May 1 of a year, the tax for that year is due before the business is begun.
(Ord. O-2012-51, eff. 4-12-2012) Penalty, see § 111.99