A tax shall be levied upon all persons or corporations conducting a
transient retail business in the Village of Phoenix. Such tax shall be based
upon the gross amount of sales made in conducting such transient retail business
and shall be at the same rate as other property is taxed for the current year
in the village. If, at the time such tax becomes due and payable, the tax
rate for the current year has not been fixed, the same shall be estimated
by the Assessor serving the Village of Phoenix.
Before any person or corporation shall commence such transient retail
business in the Village of Phoenix, said person or corporation shall procure
from the Village Mayor a permit to conduct such business and shall deposit
with the Village Mayor the sum of $20 in cash as security for the payment
of the tax hereby imposed.
Any person or corporation conducting such transient retail business
shall file with the Village Clerk each day a verified report of the gross
amount of sales of the previous day.