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Ordinance No. 1550 <br /> <br /> covering new operations after the first day of <br /> January may be prorated based on estimated <br /> gross receipts for the balance of the year. <br /> <br /> (Delete Subsection B.) <br /> <br /> Section 5.24.040 Gross receipts. <br /> <br /> Every person who is conducting business shall pay a <br /> license tax based upon the gross receipts in accordance <br /> with the following schedule. Gross receipts from the <br /> previous calendar year shall be prima facie evidence of <br /> the estimated gross receipts for the year for which the <br /> license t~x applies for all businesses renewing licenses: <br /> <br /> LICENSE TAX SCHEDULE <br /> $0--$24,999 ........... $25 <br /> 25,000--99,999 .......... $50 <br /> 100,000--249,999 ......... $75 <br /> 250,000 and above . . . $.30/$1,000 of <br /> gross receipts <br /> <br /> If a business has been operating less than one year, the <br /> amount due shall be based on actual gross receipts per <br /> month for the previous year multiplied by 12, and in <br /> accordance with the previous schedule. A new business <br /> shall base its tax on estimated gross receipts for the <br /> current licensing period in accordance with the previous <br /> schedule." <br /> <br />Section 7: A summary of this ordinance shall be published once <br /> within fifteen (15) days after its adoption in "The Tri- <br /> Valley Herald," a newspaper of general circulation <br /> published in the City of Pleasanton, and the complete <br /> ordinance shall be posted for fifteen (15) days in the <br /> City Clerk's office within fifteen (15) days after its <br /> adoption. <br /> <br />Section 8: This ordinance shall be effective thirty (30) days <br /> after the date of its final passage and adoption. <br /> <br />INTRODUCED at a regular meeting of the City Council of the City of <br />Pleasanton on March 17, 1992. <br /> <br /> Page 9 <br /> <br /> <br />