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. ...... ........ <br />(4) Classification e based. <br />for each separate place of business licensed, a basic rate of $440,80 15.00, <br />subject to adjustment for inflation/deflation in accordance with section 21-120, <br />plus: <br />.. M!"! <br />Sec. 21-119.1 - Maximum Tax. <br />The maximum annual business license tax payable for any single business license <br />required to be obtained pursuant to the Chapter shall not exceed $100,000.00, which <br />amount together with the basic rate amounts established under Section 21-119 shall be <br />subject to annual adjustment in accordance with Section 21-120. <br />Sec. 21-119.4-2. - Holding companies and pass -through entities —tie <br />Minimum Tax amount-G-niy. <br />Whenever a business entity or other person functions as a holding company or pass - <br />through entity and does not directly generate gross receipts within the city, but otherwise <br />transacts and carries on business within the city, or maintains a business presence in the <br />city, or is registered as a business entity with the California Secretary of State pursuant <br />to the California Corporations Code as the same now exists or as may be hereafter <br />amended from time -to -time with a designated or registered business entity address <br />located in the city, then the business license tax liability of such business entity or person <br />under Section 21-119 shall be limited to the app"Gable ba6iG Fate minimum tax amount <br />OPAY. <br />Sec. 21-119.23. - Home -based businesses —Alternate tax. <br />(a) Persons liable under the terms of this Chapter for gross receipts business <br />license taxes for business conducted from a home residence within the city and whose <br />-gross receipts therefrom do not exceed the annual amount specified in Section 21- <br />120h(1)(a) per year shall have the right to elect an alternate flat rate business license tax <br />as set forth in Section 21-120h of this Chapter for home based businesses and home <br />based occupations, in lieu of the gross receipts tax which would otherwise be applicable. <br />Such election shall be made in writing at the time of applicant's original application for a <br />Resolution No. 2022-056 <br />Page 12 of 22 <br />