For businesses which paid the business tax based on the flat rate schedule for the
calendar year 1983 and which, under this chapter and the resolution setting forth
the tax rates, will pay based on the gross receipts schedule effective April 30, 1984,
the maximum tax increase shall be 100 percent of the tax paid in 1983. For subsequent
years, subject to the limitations within this section, the business tax shall not
increase more than 100 percent per year of the tax paid the previous year. Notwithstanding
the above language, once the full tax is paid in any year in accordance with the gross
receipts schedule, there shall be no future deduction from the full tax due based
on the provisions of this section. For the tax year beginning April 30, 1987, all
businesses affected by the provisions of this section shall pay the business tax according
to the gross receipts tax rate schedule set forth by resolution of the Council.
(§ 1, Ord. 554, eff. January 11, 1984)
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