§ 70-98. Term of business tax, transferability; fee proration.

(a)

No local business tax shall be collected for more than one year, and all local business taxes shall expire on September 30 of each year, except as otherwise provided by law.

(b)

Any business tax receipt may be transferred to a new owner, when there is a bona fide sale of the business, upon payment of a transfer fee of up to ten percent of the annual business tax but not less than $3.00 nor more than $25.00 and presentation of the original receipt and evidence of the sale.

(c)

Upon written request and presentation of the original receipt, any receipt may be transferred from one location to another location in the village upon payment of a transfer fee of up to ten percent of the annual business tax but not less than $3.00 nor more than $25.00.

(d)

It shall be the duty of every person taking or purchasing an existing business which is required to be taxed under this article to notify the licensing clerk of the village within 30 days of the takeover or purchase.

(e)

Local business tax receipts issued under this article may be prorated as follows:

(1)

No proration if the local business tax receipt is issued between October 1—April 1.

(2)

One-half of the annual fee shall be due if the local business tax receipt is issued after April 1.

(Code 1994, § 58-83; Ord. No. 2007-01, § 6, 1-11-2007)

State law reference

Condition for issue of license, F.S. § 205.042.