26-1366 Defined.

As used in this article, “transient trader” means any person who opens, establishes or starts a business in the city and obtains and occupies premises within the city for the purpose of offering for sale goods, wares, merchandise or services, and such business has not been assessed for personal property taxes.

(Code 1985, § 8-173)

Cross referenceDefinitions generally, § 1-2.

26-1367 License required.

No person shall engage in business as a transient trader within the city without first obtaining a license from the city.

(Code 1985, § 8-174)

26-1368 License fee.

The license fee for a transient trader shall be $10.00 for each day; however, in lieu of such daily license fee, the licensee may deposit with the administrator an amount of personal property taxes equivalent to the tax rate per $1,000.00 assessed valuation imposed upon real and personal property in the city during the immediate preceding calendar year, and such additional amount in lieu of personal property taxes at such tax rate as shall be equivalent to the value of all the stock of merchandise, furniture and equipment on hand, when the business is established as shall exceed the sum of $1,000.00. At the time a transient trader applies for a license, the administrator shall furnish the applicant with a personal property statement if such transient trader indicates that he desires to deposit an amount of personal property taxes instead of paying a license fee on a day to day basis. The transient trader will disclose on such personal property statement the date of opening of the business and the cost of inventories, furniture, fixtures and equipment. The city assessor shall assess the personal property of the business in the same manner as other properties which appear on the city assessment rolls, provided that the amount of the payment of personal property taxes required to be deposited under this section shall be limited in amount to a pro rata share of a full year’s payment of personal property taxes based on the number of months remaining in the calendar year after the date of opening of the business.

(Code 1985, § 8-175)

26-1369 Exception for local merchants.

The provisions of this article shall not be construed to require a license fee or deposit from any local merchant or dealer whose property is assessed on the tax rolls of the city and who submits evidence of such assessment.

(Code 1985, § 8-176)

26-1370—26-1410 Reserved.