For the year beginning January 1, 1974, and ending December 31, 1974, and each and every year thereafter beginning January 1 of each such year and ending with December 31 following, until otherwise changed, there are hereby imposed and levied and there shall be collected for each of said years, until otherwise changed, the annual license taxes hereinafter set forth in this chapter, except as otherwise provided in this chapter, on persons conducting or engaged in the businesses in the county hereinafter set forth in this chapter, which such license taxes shall be for the purpose of providing funds for the operations of the county government and the payment of the county debt, and the county merchant's license tax imposed hereunder shall be in lieu of a county property tax on the capital of merchants.
For the purpose of ascertaining the tax to be paid by any person beginning a new business and whose license tax shall be based on gross receipts, the licensee shall estimate the basis for measuring the license tax between the date of issuance of the license and the 31st day of December following.
The license tax of every person who was licensed for a definite place of business for only a part of the next preceding license year shall be computed for the then current license year on the basis of an estimate of the amount of gross receipts which the licensee will make throughout the then current year.
Every underestimate under either § 117-24 or 117-25 shall be subject to correction by the Commissioner of Revenue, and every person obtaining a license under such sections shall, within a period of 30 days from the commencement of the succeeding license tax year, furnish the Commissioner of Revenue with the true amount of gross receipts for that part of the preceding year during which such person operated and thereupon pay to the Treasurer any additional amount of license tax due. Until such payment is made there shall not be issued to such person any license permitting such person to carry on any business in the county. Whenever the Commissioner of Revenue shall ascertain that any person should be assessed with other or any additional license tax pursuant to the provisions of this chapter, it shall be the duty of the Commissioner of Revenue to assess such person with such additional license tax as may be reported to be due.
A. 
Every person liable for a license tax under this chapter which is based on actual or probable receipts shall, where such tax is based on actual or probable receipts, keep a record of all receipts, and the reports of such receipts required to be made for the computation of the license tax shall be taken from such invoices and records and general books of account.
B. 
All such invoices and records and general books of account shall be open to inspection and examination on the premises of the business by the Commissioner of Revenue or any assistant license inspector or any other officer of the county charged in any manner with the duty of assessing or collecting license taxes.
C. 
Any person who shall fail or refuse to keep such invoices or records as above provided shall, upon conviction, be guilty of a Class 3 misdemeanor.
A. 
Whenever the Commissioner of Revenue or any other officer of the county charged in any manner with the duty of assessing or collecting license taxes shall ascertain that any person should be assessed with an additional license tax or taxes, pursuant to the provisions of this chapter, it shall be the duty of the Commissioner of Revenue to assess such person against whom assessed and also to transmit a copy thereof to the County Treasurer.
B. 
In the event that the additional license tax or taxes so assessed shall not have been paid within 30 days after such assessment, the County Treasurer shall proceed to collect the same in the same manner and with the same authority as all other taxes are collected.
In computing license taxes on merchants under this chapter, an allowance for freight and other deductible items shall be made in all cases where state law provides that the same shall be allowed in computing state license taxes on merchants and others, and such allowance shall be on the same basis as that provided by state law for such state license taxes.