Ordinance No. 18400 - Laserfiche WebLink

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1800 from the business by a fracti on, the denominator 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 1 us assessed value of taxable P property of the busy Hess ~ n the city di v~ Jed by assessed value of all taxable property of the business. 3} If the person conducting the business believes that the mode of differentiation prescribed by subsection ~2} i s not fair, that person and the f 1 Hance officer may establish another mode of di fferen- t i ati on on the basis of records and other information pertai ni n to the business. That mode a 1' g pp yes to taxation of the receipts from the business. 4} Branches of banks and savings and loan associations that do business both in and outside the city shall pay the tax im osed b Secti an 3.812 on the p y portion of gross receipts attributable to business conducted i n the city. This portion s hal 1 be determined by multi - plyi ng the total gross receipts of the bank or associ ati on b a fract i on the numerator of whi ch i y ' s the total deposits of each branch of the bank or association i n the city and the denominator of which i s the total de osi is of the bank or association. p Section 7. There is hereby added to the Eugene Code, 1971, a new section numbered 3.822, and reading: 3.822 Business Tax--Payment 1} The minimum yearly tax of X25.00 is due and ayable on Au ust 31 of each ear, An ad ' p g y y d~tional tax due under the provisions of Section 3.812 i s due and payable by the 1 ast day of the month immediately fol 1 owi n the quarter to which the tax a lie . g pp s Any tax not paid by the due date becomes delinquent on the first day of the second month fol 1 owi ng the uarter to which the tax a lies. T q• pp he quarters to whi ch the tax apply begs n January 1, 1980, and every Apri 1 1, July 1, October 1, and January 1 thereafter. The proprietor or manager sha11 f i 1 e a tax return for the business for the quarter or year covered by the payment, together with a remittance of the tax due. The tax return sha11 be in a form 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 malt of 10 ercent of the amoun p y p t of tax due, in addition to the amount of tax. 3} A business that fails to remit a tax an or before the thirtieth day after the tax becomes delinquent shall pay a second Jelin vent enalt of 15 ercent of the amount f q p y p o tax due, together with the 10 percent penalty first imposed. ORDINANCE-~13