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<br />Resolution No. 2022-XXX <br />Page 9 of 22 <br /> <br /> <br />Sec. 21-117. - New business license tax. <br /> <br />(a) A license tax for a new business shall be paid in advance or a deposit taken <br />in lieu thereof prior to any new business activity being undertaken. <br /> <br />(b) All new businesses for whom flat fees are made the basis for fixing the <br />amount of such license shall pay in advance an amount equal to one-quarter (¼) of the <br />annual fee therefor for each quarter and fraction of a quarter remaining during the period <br />for which the new license is issued, except as otherwise specified hereinafter. <br /> <br />(c) All new businesses for whom the gross receipts of such business are made <br />the basis for fixing the amount of such license shall pay their annual fee based on actual <br />gross receipts received during the period for which the new license is issued. For any <br />business which is commenced subsequent to April first, the renewal fee shall be based <br />upon an annualization of the actual gross receipts received during the period for which <br />the new license is issued. In the event an applicant fails to submit a report of the actual <br />gross receipts received pursuant to Section 21-77, the fee shall be based on the <br />collector's estimate of the actual gross receipts received pursuant to Section 21-79. In <br />lieu of payment in advance, each applicant shall post a deposit in the amount hereinafter <br />indicated. <br /> <br />(1) All new businesses beginning business on or after April first of the current <br />year but before April first of the following year shall post a deposit of two hundred dollars <br />($200.00). <br /> <br />(2) All new businesses beginning business on or after March first of the current <br />year but before April first of current year shall post a deposit equivalent to one and one- <br />twelfth (1 1/12 ) of the required deposit for all new businesses beginning April first. <br /> <br />Where an applicant's fee is determined to be in excess of the amount of the <br />specified deposit, said deficiency shall be added without interest or penalty to the amount <br />of the applicant's renewal fee as calculated pursuant to Sections 21-77 or 21-79. Where <br />an applicant ceases to transact and carry on the business licensed on or before the <br />expiration of the period for which the new license is issued, and where the applicant's fee <br />is determined to be in excess of the amount of the specified deposit, the applicant shall <br />remain liable for said deficiency which shall be deemed due and collectible at the same <br />time and in the same manner as all other annual gross receipts fees due and payable <br />upon renewal. <br /> <br />Where an applicant's fee is determined to be less than the amount of the specified <br />deposit, said surplus shall be applied without interest as a credit against the amount of <br />the applicant's renewal fee as calculated pursuant to Sections 21-77 or 21-79. Where an <br />applicant ceases to transact and carry on the business licensed on or before the <br />expiration of the period for which the new license is issued, and where the applicant's fee <br />is determined to be less than the amount of the specified deposit, said surplus may be