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EXHIBIT 1
<br />Retail/Services/Administrative Headquarters $1.27 per $1,000 - up to $253,000 Single Gross Receipts Rate of $0.65 per $1,000
<br />(Including all Businesses for which no tax is $0.76 per $1,000 - up to $1,265,000 Plus a Basic Rate Tax of $60 for all In -City Businesses; For
<br />specified elsewhere) $0.51 per $1,000 - up to $2,530,000 Nonresident Businesses Omit Basic Rate Tax
<br />$0.38 per $1,000 - over $2,530,000 Maximum Gross Receipts Cap of $100,000
<br />Wholesale Sales/Manufacturing/Processing/Gas &
<br />Motor Fuels /Telephone Service and Public Utility
<br />Initial Business Tax Due (Deposit) $506 llnitial Business Tax Due (Deposit) $200
<br />Include all Businesses for which no tax
<br />Include all Businesses for which no tax is specified elsewhere
<br />is specified elsewhere
<br />For Nonresident Businesses Omit Basic For Nonresident Businesses Omit Basic Rate Tax
<br />Rate Tax
<br />* (Propose Delay in Renewal Filing Period to April 30th to allow
<br />synchronization of regular & deposit account renewals)
<br />Single Gross Receipts Rate of $0.50 per $1,000 - Plus a Basic
<br />Rate Tax of $60; For Nonresident Businesses Omit Basic Rate
<br />Services
<br />$0.76 per $1,000 - up to $253,000
<br />Tax
<br />$0.63 per $1,000 - up to $759,000
<br />Maximum Gross Receipts Cap of $100,000
<br />$0.51 per $1,000 - up to $1,518,000
<br />Include the following business activities:
<br />$0.38 per $1,000 - up to $2,530,000
<br />Wholesale Sales/Manufacturing/Processing,
<br />$0.25 per $1,000 - over $2,530,000
<br />Telecommunications, Gas & Oil Sales, and Utilities
<br />Initial Business Tax Due (Deposit) $506
<br />Initial Business Tax Due (Deposit) $200
<br />For Nonresident Businesses Omit Basic
<br />For Nonresident Businesses Omit Basic Rate Tax
<br />Rate Tax
<br />Commercial Property Rentals
<br />$1.27 per $1,000 - up to $253,000
<br />Single Gross Receipts Rate of $0.65 per $1,000
<br />$0.76 per $1,000 - up to $1,265,000
<br />Plus a Basic Rate Tax of $60 for all initial properties (with a
<br />$0.51 per $1,000 - up to $2,530,000
<br />reduced Basic Rate Tax of $10 for each additional separate
<br />$0.38 per $1,000 - over $2,530,000
<br />Commercial Rental Property)
<br />after the First Property)
<br />Maximum Gross Receipts Cap of $100,000
<br />Initial Business Tax Due (Deposit) $506
<br />Initial Business Tax Due (Deposit) $200
<br />Utilities (Making Franchise Payments to City)
<br />None (Exempt By Ordinance)
<br />Single Gross Receipts Rate of $0.50 per $1,000
<br />Plus a Basic Rate Tax of $60 - (Single City-wide
<br />(Eliminate current tax exemption/exclusion for
<br />License)
<br />public utilities making franchise payments to the
<br />Maximum Gross Receipts Cap of $100,000
<br />City)
<br />Initial Business Tax Due (Deposit) $200
<br />Home Based Businesses/Home Occupation
<br />$1.27 per $1,000 - up to $253,000
<br />Home based businesses are proposed to convert over to a
<br />$0.76 per $1,000 - up to $1,265,000
<br />Gross Receipts tax assessment method.
<br />$0.51 per $1,000 - up to $2,530,000
<br />Single Gross Receipts Rate of $0.65 per $1,000
<br />$0.38 per $1,000 - over $2,530,000
<br />Plus a Basic Rate of $15
<br />Maximum Tax Cap - $100,000
<br />or or
<br />$203 Annually (Flat Rate) An alternative $35 Flat Rate Tax Assessment - to be substituted
<br />lin when declared gross receipts are below $50,000
<br />City Council 37 - 7 5/17/2022
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