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The amount of business license tax to be paid to the city by any person engaged in or carrying on any business in the city of Commerce shall be the sum of six dollars multiplied by the total number of employees, plus .0070 dollar per total square foot of enclosed premises occupied by the licensee. The minimum tax payable under this section shall be seventy-five dollars. The maximum tax payable under this section shall be three thousand four hundred dollars. The business license tax payable under this section shall be collected each calendar year by the city of Commerce business license division.
On January 1st of each calendar year, such tax payable under this section shall be increased by an amount determined by applying the percentage increase in the Consumer Price Index (CPI) for the Los Angeles/Riverside/Orange County Schedule for All Urban Consumers, for all items as established by the United States Department of Labor, Bureau of Labor Statistics for the twelve months ending September 30th of the previous year. Rates thereby established shall not exceed three percent in any one year and the minimum and maximum amount shall be rounded to the nearest dollar. If the CPI percentage decreases in a given year, the tax payable under this section shall be the same rate paid in the preceding year.
(Ord. 553 §1, 2001: Ord. 470 §2, 1992: Ord. 328 §1, 1983: Ord. 252 §3, 1978: Ord. 132 §1, 1968).