Imposition of business license tax
Pursuant to O.C.G.A. § 48-6-93, there is levied an annual business license tax upon state and national banking associations, federal savings and loan associations and state building and loan associations at the rate of one-quarter of one percent of the gross receipts of such institutions. The term "gross receipts" shall mean gross receipts as defined in O.C.G.A. § 48-6-93. Notwithstanding any other section of this article, the minimum amount of business license tax due from any depository financial institution pursuant to this article shall be $1,000.00 per year.
Due date; filing of return
Each depository financial institution within the city shall file a return of its gross receipts with the city by March 1 of the year following the year in which such gross receipts were measured. Such returns shall be in the manner and in the form prescribed by the state revenue commissioner and shall be based upon the allocation method set forth in O.C.G.A. § 48-6-93(d). The tax levied pursuant to this article shall be assessed and collected based upon the information provided in the return. The due date of taxes levied by this article shall be April 1 of each year.