§ 10-134. Annual business license tax levied.

(a)

Pursuant to O.C.G.A. § 48-6-93, there is hereby levied for each year an annual business license tax upon state and national banking associations, federal savings and loan associations and state building and loan associations, at the rate of 0.25 percent of the gross receipts of the institutions.

(b)

As used in this section, the term "gross receipts" means gross receipts as defined in O.C.G.A. § 48-6-93.

(c)

Notwithstanding any other provisions of this chapter, the minimum amount of the business license tax due from any depository financial institution pursuant to this section shall be $1,000.00 per year.

(Comp. 1976, § 3-105-A; Code 1989, § 11-19; Ord. of 11-7-1983(1), § 1)