§ 16-51. Financial institutions.

(a)

Pursuant to O.C.G.A. § 48-6-93 there is hereby levied an annual business license tax upon state and national banking associations, federal savings and loan associations and state building and loan associations at a rate in an amount to be determined by the board of commissioners from time to time and listed in the schedule of fees and charges maintained in the city clerk's office. "Gross receipts" shall mean gross receipts as defined in O.C.G.A. § 48-6-93. Notwithstanding any other provisions of this section, the minimum amount of business license tax due from any depository financial institution per year pursuant to this section shall be in an amount to be determined by the board of commissioners from time to time and listed in the schedule of fees and charges maintained in the city clerk's office.

(b)

Each depository financial institution within the city shall file a return of its gross receipts with the city on March first of the year following the year in which such gross receipts were measured. The returns shall be in the manner and in the form prescribed by the commissioner of the department of banking and shall be based upon the allocation method set forth in O.C.G.A. § 48-6-93(d). The tax levied pursuant to this section shall be assessed and collected based upon the information provided in the return.

(c)

The due date of taxes levied by this section shall be April first.

(Ord. of 12-13-83, §§ 1, 2)

State law reference

Authorization to levy and collect a business license tax from depository financial institutions, O.C.G.A. § 48-6-93.