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commercial cannabis business license or other city permit to operate as <br />a commercial cannabis business. <br />(3) The payment of the two thousand dollars ($2,000.00) minimum basic <br />rate gross receipts tax required annually for each separate branch <br />location or separate property location of the business in accordance with <br />this section, shall be made annually prior to the beginning of the fiscal <br />year beginning April first of the current year and expiring on the 31st day <br />of March of the following year. In the case of a new commercial cannabis <br />business the minimum basic rate gross receipts tax shall be paid in <br />advance prior to any new business activity being undertaken. Every new <br />licensee shall pay in advance an amount equal to one -quarter (%) of the <br />annual minimum basic rate gross receipts tax, for each quarter and <br />fraction of a quarter remaining during the period for which the new <br />license is issued. <br />(o) Delinquent date —Penalty. Any individual or entity who fails to pay the taxes <br />required by this Article when due shall be subject to penalties and interest as set <br />forth in accordance with this Chapter. The collector is not required to send a <br />delinquency or other notice or bill to any person subject to the provisions of this <br />Article and failure to send such notice or bill shall not affect the validity of any tax <br />or penalty due under the provisions of this Article. <br />(p) Business license tax certificate —Required. There are imposed upon all persons <br />engaged in transacting and carrying on any commercial cannabis business activity <br />in the city taxes in the amounts prescribed in this Article. It shall be unlawful for any <br />person, either for him or herself or for any other person, to commence, transact or <br />carry on any business in the city without first having procured a business license <br />from the city under this Chapter and having paid the taxes set forth in this Article, <br />and without complying with any and all applicable provisions contained in this <br />Chapter. The carrying on of any commercial cannabis business activity without <br />complying with all the provisions of this Article shall constitute a separate violation <br />of this Chapter for each and every day that such commercial cannabis activity is so <br />carried on. <br />(q) Classification of business license assessment type —Term and renewal. The <br />business license issued to commercial cannabis businesses shall be classed as a <br />gross receipts assessment type, issued for the same term of license as set forth in <br />subsection 21-71(c) of this Chapter and shall be subject to renewal in accordance <br />with sections 21-72(c), 21-73(c), and 21-77. <br />(r) Operative date. Upon the approval by the majority of the voters of the city at the <br />November 6, 2018 general election, the taxes imposed by this Article shall become <br />operative and shall be applied by the collector upon all commercial cannabis <br />businesses. <br />W <br />75F-21 <br />