Every person engaging in any of the following occupations or businesses in the Borough shall pay a mercantile license tax for the year 1997, and annually thereafter at the rate set forth:
(a) Wholesale vendors or dealers in goods, wares and merchandise at the rate of three-fourths of a mill on ninety percent (90%) of the annual gross business receipts transacted by him. In the case of brokers, the term gross business means "gross commissions earned".
(b) Retail vendor, or dealers in goods, wares and merchandise, all persons engaged in conducting restaurants or other places where food, drink or refreshments are sold, and all persons conducting places of amusements, at the rate of one and one-half mills on ninety percent (90%) of the annual gross business receipts transacted by him.
(c) Wholesale and retail vendors or dealers in goods, wares and merchandise at the rate of three-fourths of a mill on ninety percent (90%) of the annual gross wholesale business receipts transacted by him, and one and one-half mills on ninety percent (90%) of the annual gross retail business receipts transacted by him.
(d) No tax shall be levied on the dollar volume of business transacted by wholesale and retail dealers derived from the resale of goods, wares and merchandise taken by any dealer as a trade-in or as part payment for other goods, wares and merchandise except to the extent that the resale price exceeds the trade-in allowance.
(e) The Tax imposed by this article shall apply to a maximum of twelve million dollars ($12,000,000) of annual gross business receipts before the computation of ninety percent (90%) is made thereon.
(Ord. 3043. Passed 12-16-96.)
(Ord. 3043. Passed 12-16-96.)