7.84.040 Calculation of assessments.
Businesses, trades, and professions located within the District boundaries shall, commencing on January 1, 2025, pay an annual benefit assessment to the District in the amounts shown in Table 7.84.040.
|
Business Classifications and Assessment Rates |
|
|---|---|
|
Classifications |
Annual Rates |
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Retail including jewelers and groceries but not restaurants (Tax Codes R, M and G but without NAICS 722, Food Services and Drinking Places) |
|
|
• Gross receipts under $350,000 |
$250 |
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• Gross receipts $350,000--$999,000 |
$350 |
|
• Gross receipts $1,000,000 |
$500 |
|
Restaurants, including all businesses that prepare and serve food at the request of customers (NAICS 722) |
$500 |
|
Professionals including offices of real estate brokers (Tax Code P) |
|
|
• Gross receipts under $100,000 |
$300 |
|
• Gross receipts over $100,000 |
$400 |
|
Entertainment and Recreation (Tax Code E) |
$450 |
|
Business, Personal and Repair Services (Tax Code B) except Hair, Nail and Skin Care Services (NAICS 81211) |
$200 |
|
Hair, Nail and Skin Care Services (NAICS 81211) |
$200 |
|
Parking lot operators |
$2,000 |
|
Financial Institutions |
$2,500 |
Any business that is classified as a nonprofit (Tax Code N) for business licenses purposes, shall nevertheless pay the assessment at the rate that corresponds to its North American Standard Industrial Classification if it is engaged in the sale of products or services. Any new business established within the District shall not be required to pay an assessment on application for its business license but only on renewal at the end of the year it was initiated. (Ord. 7894-NS § 2, 2024; Ord. 7317-NS § 3 (part), 2013)