Transferring Business Tax Receipt
If there is any change in the status of your business, including name changes, classification of business, your business location or ownership, an application must be submitted for transfer of your Business Tax Receipt. Your current Business Tax Receipt must be surrendered prior to issuance of the new receipt. A transfer fee of up to 10% of the annual business tax ( not less than $3.00 nor more than $25.00) shall be paid prior to the issuance of the new Business Tax Receipt.
The surrendered Business Tax Receipt must be signed and dated by the previous owner and indicate that all rights, interest, and title of the business is assigned to the new owner.
Restaurants, or any business requiring a health department approval, shall also submit the amended health department form.
Renewing Business Tax Receipt
Business Tax Receipts are renewed annually on September 30th of each year. The fiscal year runs from October 1st through September 30th.
As a courtesy, the City mails renewal reminders in July. However, if the renewal notice is not received, it is the responsibility of the business owner to ensure that their business tax is renewed prior to September 30th of each year. Failure to receive a renewal reminder notice will not exempt business owners from paying any penalties for late payment.
PENALTY SCHEDULE – PERCENTAGE ADDED TO TOTAL RENEWAL TAX
OCTOBER – 10%
NOVEMBER – 15%
DECEMBER – 20%
JANUARY – 25%
Up to $250.00 fine for failure to obtain a business tax receipt within 150 days after the initial notice of tax due.