§ 5-301. Privilege and business taxes levied; business tax collection fee charged.

Except as otherwise specifically provided in this code or other ordinances of the city, there is hereby levied on all vocations, occupations, and businesses declared by the general laws of the state to be privileges taxable by municipalities, an annual privilege tax in the maximum amount allowed by state laws. The taxes provided in the state's "Business Tax Act" (T.C.A. § 67-4-701, et seq.) are hereby enacted, ordained and levied on the businesses, business activities, vocations, or occupations doing business or exercising a taxable privilege as provided by such act in the city, at the rates and in the manner prescribed by such act.

The proceeds from the privilege taxes herein levied and the fee herein chargeable shall accrue to the general fund of the city.

(Ord. No. 3510, 12-2-2014)