§ 10-7. Proration.  


Latest version.
  • In the event a person issued a license under this chapter shall cease to engage in the business, trade, profession or calling for which he was licensed during the year for which the license was issued, he shall be entitled, upon application, to a refund for that portion of the license tax paid, over and above the minimum flat tax, prorated on a monthly basis so as to ensure that the licensed privilege is taxed only for that fraction of the year during which it is exercised. (4-21-88, § 8.)