Each operator of a taxicab business holding a license shall make and file an affidavit on the tenth day of each month stating, under oath, the gross receipts received during the preceding month from the operation of each of such limousines or taxicabs. Each limousine or taxicab operator shall pay to the city a sum each month equal to 2% of the gross receipts from the operation of his limousines or taxicabs in the city. At the expiration of June 30 next following the date of issuance of each license, all such affidavits will be reviewed and an adjustment will be made by and between the city and the operator of such limousines and taxicabs so that such operator of such limousines and taxicabs shall pay to the city a total sum, including the license fee required by this article, equal to 2% of the gross receipts from the operation of his limousines or taxicabs in the city, for the period for which such limousine [or taxicab license] was granted. Failure to pay gross receipts for tax [sic] timely shall carry a fine of up to $200.00 per month for each 30-day period of delinquency.
(1972 Code, sec. 25-62; Ordinance 318 adopted 2/1/1983; Ordinance 398 adopted 9/17/1991; 1995 Code, sec. 119.053)