Ordinance No. 18399 - Laserfiche WebLink

Home Browse Search

-8399 from the business by a fraction, the denomi natar of which i s three and the numerator of which i s the sum of the city. receipts from the business divided by total receipts from the business, plus the payroll of the business i n the city, divided by total payroll of the business, plus assessed value of taxable property of the business i n the city divided by assessed value of all taxable property of the business. 3 } ~ f .the person conducting the business believes that the mode of differentiation prescribed by subsection ~2} is not fair, that person and the finance officer may establish another mode of di fferenw ti ati on on the basis of records and other i nforn~a~ti on pertaining to the business. That mode applies to taxation of the receipts fra~n the business.. 4} branches of banks and. savings and loan associations that do business both i n and outside the city steal 1 pay the tax imposed by Section 3.82 an the portion of gross receipts attributable to business conducted i n the city. This portion shat l be deterni ned by mul ti- plyir~g the rota; gross receipts of the bang or association by a fraction, the numerator of which i s the total deposits of each branch of the bank or assac i a ti an . n the city and th.e denominator of which i s the total depasi is of the bank or assaci atibn. Secti ors ~. There i s hereby added to the Eugene Code, X971, a ne~v section numbered 3.822, and reading: . 3.522 Business Tax--Payment 1 ~ The minimum yearly tax of X25.00 i s due and payable on August 31 of each year. At~y additional tax due. under the provisions of Section 3.812 i s due and payable by the 1 ast day of the month immediately following the quarter to which the tax applies. Any tax not paid by the due date becomes delinquent on the first day of the second month following the quarter to which the tax applies. The quarters to which the tax apply begin January ~, 1980, and every April ~, July ~, October 1, and January ~ thereafter. The proprietor or manager shall fi 1 e a tax return for the business for the quarter or year covered by the payment, together wi th a remi ttance of the tax due. The tax return shall be i n a farm prescribed by the finance officer. . 2~ A business that fails to remit a tax imposed by Section 3.812 of this code prior to the delinquency date shall pay a penal ty of f 10 percent of the amount of tax due, i n addition to the amount of tax. 3 ~ A busi Hess that fails to remi t a tax on or before the thi rti eth~ day after the tax becomes delinquent steal l pay a second delinquent penalty of 15 percent of the .amount of tax due, together with the 10 percent penalty first imposed, ORD~~~A~CE--~