§ 146-1. Financial institutions business license tax.

(a)

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

(b)

Pursuant to O.C.G.A. § 48-6-93, there is levied an annual business license tax upon state and national banking associations, federal savings and loan associations and state building and loan associations a business license tax at the rate of 0.25 percent of the gross receipts of such institutions. Notwithstanding any other section of chapter 30 pertaining to businesses, the minimum amount of business license tax due from any depository financial institution pursuant to this section shall be $1,000.00 per year.

(c)

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. The returns shall be in the manner and in the form prescribed by the commissioner of the department of banking and shall be based upon the allocation method set forth in O.C.G.A. § 48-6-93(d). The tax levied pursuant to this section shall be assessed and collected based upon the information provided in the return.

(d)

The due date of taxes levied by this section shall be April 1 of each subsequent year.

(Code 1977, §§ 14-12001, 14-12002)