§ 18-6. Financial institutions.

(a)

Purpose. To impose business license taxes on financial institutions located within the city. To repeal conflicting ordinances and for other purposes.

(b)

Financial institutions business license tax pursuant to O.C.G.A. § 48-6-93. There is hereby levied for the year 1984, and for each year thereafter, an annual business license tax upon state and National Banking Associations, Federal Savings and Loan Associations and State Building and Loan Associations, a business tax at the rate of one-fourth of one percent of the gross receipts of said institutions. The term "gross receipts" means gross receipts, as defined in O.C.G.A. § 48-6-93. Notwithstanding any other provisions of this chapter, the minimum amount of business license tax due from any depository financial institution pursuant to this chapter shall be $1,000.00 per year, except as provided by state law.

(c)

Due date; filing of return.

(1)

Each depository financial institution within the city shall file a return of its gross receipts with the city on March 1 of the year following the year in which such gross receipts were measured. Said returns shall be in the manner and in the form prescribed by the commissioner of the department of banking and shall be based on the allocation method set forth in O.C.G.A. § 48-6-93(d). The tax levied pursuant to this chapter shall be assessed and collected based upon the information furnished in said return.

(2)

The due date of the tax levied by this section shall be April 1 of each year.

(Code 1985, § 9-205)