Isle of Wight County |
Code of Ordinances |
Chapter 10. LICENSES. |
Article II. License Tax Schedule. |
Division 4. Wholesalers. |
§ 10-24. Amount of tax.
Latest version.
(a)
The license tax on each wholesaler shall be fifty dollars or five cents per one hundred dollars of purchases, whichever is greater, when said purchases exceed four thousand dollars.
(b)
When a merchant conducts both a wholesale and a retail business, the merchant may, at his election, pay the license tax as a retailer on the wholesale portion of his business, as provided in section 10-21. (Ord. No. 2010-14-C, 9-23-10; 5-10-16.)