The license fee or tax imposed by this chapter, except the fee required by Section 5.04.090 of this chapter to accompany the application for the license, shall be due and payable in quarterly installments. Remittance therefore shall be made on or before the fifteenth day of the month next succeeding the end of the quarterly period in which the tax accrued. The remittance shall be made as hereinafter provided and shall be accompanied by a return on a form to be provided and prescribed by the Director of Financial & Management Services. To the return the taxpayer shall be required to swear or affirm that the information therein given is full and true and that the taxpayer knows the same to be so.

Whenever the total gross income for which any person is liable under this chapter does not exceed the sum of fourteen thousand dollars in case of a retailer or wholesaler reporting on a quarterly basis, or seven thousand dollars in case of one providing professional services and reporting on a quarterly basis, or seventy thousand dollars in the case of a manufacturer reporting on a quarterly basis, no tax is due but a properly completed tax return must in each case be filed on an annual or quarterly basis, consistent with rules to be adopted by the department of finance.

Whenever a taxpayer commences to engage in business during any quarterly period, his first return and the license fee or tax shall be based upon and cover the portion of the quarterly period during which he is engaged in business. (Ord. M-2794 §2, 1988: Ord. M-2657 §2, 1986: Ord. M-769 §3, 1965: Ord. M-203 §10, 1954)