Graduated Business License Tax
Definition
|
A flat rate tax on businesses
based on the number of
persons a business employs
within the city limits. The tax
rate ranges from $150 for
employers with two or fewer
employees to $25,000 for
employers with more than five
hundred employees.
|
 |
Discussion
The graduated business license tax and provides a consistent source of revenue of about
$7.5 million per year. As indicated by the chart above, the level of employment activity has
remained relatively constant. Taxes are based on the following schedule.
|
Number of Employees |
GBL Tax |
|
501 or more |
$25,000 |
|
401-500 |
$23,000 |
|
301-400 |
$20,000 |
|
201-3002 |
$17,000 |
|
151-200 |
$13,500 |
|
101-150 |
$10,000 |
|
76-100 |
$7,500 |
|
51-75 |
$5,000 |
|
41-50 |
$3,000 |
|
31-40 |
$2,000 |
|
21-30 |
$1,500 |
|
11-20 |
$1,000 |
|
6-10 |
$500 |
|
3-5 |
$250 |
|
2 or fewer |
$150 |
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