AN ORDINANCE AMENDING CHAPTER 10 OF THE CODE OF ORDINANCES CONCERNING PRIVILEGE LICENSE FEES BASED ON GROSS RECEIPTS (2005-06-27/O-7.1)

BE IT ORDAINED by the Council of the Town of Chapel Hill as follows:

Section 1. Section 10-5.4 of the Town Code is hereby revised to read as follows:

“Sec. 10-5.4. Schedule D businesses.

All businesses not specifically listed in Schedules A, B, or C of this section will fall under the miscellaneous category of Schedule D. The rate for the privilege license tax for any Schedule D business will be based on the gross receipts of the business. The privilege license tax for a particular Schedule D business is based on the following table:

Gross receipts	Tax
$0--50,00025,000.00	$25.00
$25,000.01—50,000.00	$50.00
$50,001.01--100,00075,000.00	50.00$75.00
$75,000.01—100,000.00	$100.00
$100,000.01—300,000.00	$250.00
$300,000.01—500,000.00	$500.00
over $1500,000	$750.00

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Section 2. This ordinance shall become effective July 1, 2005.

This the 27^th day of June, 2005.