5.07.025 Maximum annual tax.
This section is included in your selections.
Effective January 1, 1991, the maximum annual business license tax paid for any single business license shall not exceed $7,000.
Effective January 1, 1992, the maximum annual business license tax paid for any single business license shall not exceed $12,000.
Effective January 1, 1993, the maximum annual business license tax paid for any single business license shall not exceed $16,000.
Effective January 1, 1994, the maximum annual business license tax paid for any single business license shall not exceed $20,000.
Effective January 1, 1995, and each calendar year thereafter, the maximum annual business license tax shall be increased by five percent per year above the level set in January, 1994. (Ord. 2408 § 1, 1990).