5.05.060 Summary of assessments.
The assessments to be imposed for those District businesses are as follows:
|
Annual Taxable Sales (1%) per dealer |
Factor |
Annual Assessment |
Monthly Charge (Divided by 12) |
|---|---|---|---|
|
$10,000,000 |
.0015 |
$36,000.00 Minimum |
$3,000.00 |
|
$20,000,000 |
.0015 |
$36,000.00 Minimum |
$3,000.00 |
|
$24,000,000 |
.0015 |
$36,000.00 Minimum |
$3,000.00 |
|
$30,000,000 |
.0015 |
$45,000.00 |
$3,750.00 |
|
$35,000,000 |
.0015 |
$52,500.00 |
$4,375.00 |
|
$40,000,000 |
.0015 |
$60,000.00 |
$5,000.00 |
|
$45,000,000 |
.0015 |
$67,500.00 |
$5,625.00 |
|
$48,000,000 |
.0015 |
$72,000.00 |
$6,000.00 |
|
$52,000,000 |
.0015 |
$72,000.00 |
$6,000.00 |
|
$60,000,000 |
.0015 |
$72,000.00 |
$6,000.00 |
The above-described assessment is an annual charge and shall be levied, collected and enforced in the same manner, at the same time, and with the same penalties and interest as in the case of the business license. For those businesses taxed for other than an annual tax period, the City shall determine the assessment to be levied upon issuance of the City business tax certificate.
The total assessment collected from any business under the provisions of this chapter shall not exceed $6,000 per month. (Ord. 3125 § 1, 2009).