§ 70-182. Tax levied.

Latest version.

(a)

Pursuant to the authority contained in O.C.G.A. § 48-6-93, there is levied for each year, upon each state and national bank, each federal savings and loan association, and each state building and loan association located in the city, not exempted by state law, an annual business license tax at the rate of 0.25 percent of the gross receipts of each such institution, or $1,000.00, per annum, whichever amount is greater.

(b)

The taxes levied by subsection (a) of this section for each year shall be levied on the amount of gross receipts received by each such depository financial institution during the immediately preceding calendar year.

(Ord. of 12-19-1984, § 1)

                    
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