§ 22-35. Same—Depository financial institution.

(a)

In accordance with O.C.G.A. § 48-6-93, there is hereby levied an annual occupation tax upon all depository financial institutions located within the county at a rate of 0.25 percent of the gross receipts of such depository financial institutions. Gross receipts shall mean gross receipts as defined in O.C.G.A. § 48-6-93. Depository financial institutions shall mean state and national banks, state building and loan associations, and federal savings and loan associations.

(b)

The minimum annual amount of occupation tax due from any depository financial institution pursuant to this section shall be $1,000.00.

(c)

Pursuant to O.C.G.A. § 48-6-93(c), each depository financial institution subject to this tax shall file a return of its gross receipts with the business license department of the county on March 1 of the year following the year in which such gross receipts are measured. Such return shall be in the manner and in the form prescribed by the commissioner of the state department of revenue based on the allocation method set forth in O.C.G.A. § 48-6-93(d). The board of commissioners shall assess and collect the tax levy pursuant to this section based upon the information provided in such return.

(d)

Taxes levied pursuant to this section shall be due no later than 30 days after filing of the return prescribed by this section unless extended by the board of commissioners.

(Ord. No. 95-10, § 1(5), 9-12-1995)