(A) Upon every person engaging or continuing within the city in the business of contracting, the tax shall be equal to 2% of gross sales for individual construction projects exceeding $100,000.
(B) A prime contractor, one who furnishes work or both materials and work under a written or oral contract, for the construction, alteration, repair, decoration or improvement of a new or existing building or structure or any part thereof, or for the alteration, improvement or development of realty, must report his or her gross income under the contracting classification without any deduction on account of any expenses incurred. If the prime contractor executes a contract with another for a portion of the job or project, the prime contractor receives no deduction from gross income on account of any payments made to the subcontractor. The subcontractor will also be taxable on his or her gross income under the contracting classification.
(Ord. 1276, passed 6-29-00; Am. Ord. 1984, passed 12-7-15)