12.16.010 Purpose.

A. This chapter is intended to set out the procedures to be used when the license tax is based upon the amount of gross receipts, the number of tickets sold, the proportions of intracity business or the number of admissions granted after a business license is issued in accordance with this title.

B. The applicant shall pay an estimated license tax in advance of the issuance of the business license. At the end of the term of the license, the actual license tax shall be determined with an adjustment being made in accordance with this chapter.

12.16.020 Applicant’s estimate of basis.

Where the amount of the license tax is based upon the amount of gross receipts, the number of tickets sold, the proportion of intracity business or the number of admissions granted, the applicant shall include with the application an estimate of such basis for the period covered by the license for which application is made.

12.16.030 Determination of estimated license tax.

The determination by the License Tax Collector of the estimated license tax may be based upon the gross receipts, tickets sold, proportion of intracity business or number of admissions granted during the period preceding the issuance of the license for which the application is made.

12.16.040 End of term adjustment.

A. At the end of the license period, or upon the sooner cessation of business, the applicant/licensee shall file with the License Tax Collector a declaration under oath stating the gross receipts, tickets sold, proportion of intracity business or admissions granted during the license term.

B. At the end of the term of the license, the License Tax Collector shall determine the license tax then owing.

C. If the amount of the payment of the estimated license tax is less than the license tax computed at the end of the term, then the difference shall be due from the licensee immediately upon notice to the licensee of such determination.

D. If the amount of the estimated license tax is less than the license tax determined at the end of the term, then an adjustment may be made by cash refund to the licensee or adjustment of the estimated license tax for a subsequent license, as requested by the licensee. A cash refund shall be made at the end of the calendar year during which the license was issued.

12.16.050 Penalty for underestimate by applicant.

In the event that the actual gross receipts, tickets sold, proportion of intracity business or admissions granted exceeds the applicant’s estimate by more than 30 percent, then the licensee shall be liable for the amount of the license tax computed at the end of the term with a credit for the amount of the estimated tax paid plus an amount equal to 50 percent of the amount of the license tax computed at the end of the term.

12.16.060 Amended estimate.

A. A licensee may amend his estimate of basis filed in accordance with this chapter once during the term of the license to increase the amount of the estimated basis.

B. The amended estimate must be filed with the License Tax Collector prior to the expiration of one-half of the license term.

C. The amended estimate shall be accompanied by a payment of any increase in the estimated license tax based upon the amended estimate.