Ordinance 3726 - Laserfiche WebLink

• . . ' ( j ) Amounts derived from the lease, rental or sale of real estate; Provided, however, that nothing herein shall be construed to allow a deduction of amounts derived from engaging in any business wherein a mere license to use or enjoy real property is granted, or to allow a deduction of amounts received as commissions from the sale or rental of real estate. (k) National banks, state banks, trust companies, mutual savings banks, building and loan and savings and loan associations with respect to their banking business, trust business or savings and loan business but not with respect to engaging in any other business taxable hereunder, even though such other business be conducted primarily for the purpose of liquidating the assets thereof; all finance companies, loan companies, individuals or others engaged in making loans are taxable on their gross interest income. (1) The business of manufacturing, selling or distributing motor vehicle fuel, as that term is defined in Chapter 58, Laws of 1933, as amended; persons operating motor vehicle service stations on a commission basis are taxable on all commissions, including commissions for the sale of motor vehicle fuel. (m) Liquor as defined by State Law (Sec. 7306-3, Rem. Rev. Stat. ) (n) Amounts derived by persons engaged in oper- ating chick hatcheries from the production and sale of chicks and hatching eggs. SECTION 4 : That Section 11 of Ordinance No. 3292 be, and it is hereby amended to read as follows : TAX PAYMENTS Section 11: QUARTERLY PAYMENTS OF BUSINESS LICENSE FEE: The license fee or tax imposed by this ordinance, except the One Dollar ($1.00) required to accompany the application for the license, shall be due and payable in quarterly installments, and remittance therefor shall be made on or before the fifteenth day of the month next succeeding the end of the quarterly period in which the tax accrued. The remittance shall be made as hereinafter provided and shall be accompanied by a return on a form to be provided and prescribed by the Clerk. To the return the taxpayer shall be required to swear or affirm that the information therein given is full and true and that the taxpayer knows the same to be so. ANNUAL RETURN. Whenever the total tax for which any person is liable under this ordinance does not exceed the sum of Two Dollars ($2.00) for any quarterly period, an annual return may be made upon written request and subject to the approval of the City Clerk. PARTIAL PERIODS. Whenever a taxpayer commences to engage in business during any quarterly period, his first return and the license fee or tax shall be based upon and cover the portion of the quarterly period during which he is engaged in business. First payments and returns under this ordinance shall be made on or before March 15, 1951.