Chapter 5.24
GROSS RECEIPTS TAX
Sections:
5.24.010 Rates.
5.24.020 Tax limit on number of multiple corporate entities.
Prior ordinance history: Prior code §§ 4-123.020 and 4-123.030.
5.24.010 Rates.
Every person who engages in business at a fixed place of business within the city shall pay a license tax of seventy-five cents per one thousand dollars (or 0.075 percent) of gross receipts or part thereof subject to the following:
A. Minimum Tax. The minimum tax shall be as follows:
|
Effective Date |
General Contractor |
Specialty Contractor |
Solicitor |
All Other Businesses |
|---|---|---|---|---|
|
January 1, 2014 |
$100 |
$50 |
$50 |
$50 |
|
January 1, 2015 |
$150 |
$75 |
$75 |
$75 |
|
January 1, 2016, and thereafter |
$200 |
$100 |
$100 |
$100 |
B. Gross Receipts Limit. The limit upon which the license tax shall be computed will be as follows:
1. Effective January 1, 2014, taxable gross receipts shall be limited to ten million dollars.
2. Effective January 1, 2015, taxable gross receipts shall be limited to twenty million dollars.
3. Effective January 1, 2016, taxable gross receipts shall be limited to thirty million dollars.
4. Effective January 1, 2017, and every January 1st thereafter, the taxable gross receipts limit shall be adjusted by the percentage change in the Consumer Price Index (All Urban Consumers) issued by the Bureau of Labor Statistics of the United States Department of Labor for the San Francisco-Oakland-San Jose, California, area (or any successor to that index) for the month of October immediately preceding, rounded to the nearest ten thousand dollars. (Ord. 572 § 1 Exh. A (part), 2013: Ord. 84 § 1, 1973: Ord. 45 § 1 (part), 1972: prior code § 4-123.010)
5.24.020 Tax limit on number of multiple corporate entities.
Subject to the provisions of Section 5.04.040, the gross receipts of separate legal entities conducting business at the same location that use separate books and records, other than those entities which are considered investment funds or trusts established for the sole purpose of providing investment instruments to investors, shall be reported on a form required by the collector, and the computation of the license taxes payable under Section 5.24.010 shall be computed based on the three legal entities with the largest reported gross receipts. (Ord. 572 § 1 Exh. A (part), 2013)