§ 3-3-6. Financial institutions business license tax.

(a)

In accordance with OCGA Section 48-6-93, there is hereby levied an annual business license tax upon all depository financial institutions located within the county at a rate of 0.25 percent of the gross receipts of said depository financial institutions. Gross receipts shall mean gross receipts as defined in OCGA Section 48-5-93. 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 business license tax due from any depository financial institution pursuant to subsection (a) shall be one thousand dollars ($1,000.00).

(c)

Pursuant to OCGA Section 48-6-93(c), each depository financial institution subject to this tax shall file a return of its gross receipts with the board of commissioners on March 1 of the year following the year in which such gross receipts are measured. Said return shall be in the manner and in the form prescribed by the commissioner of the department of revenue based on the allocation method set forth in subsection (d) of OCGA Section 48-6-93. The board of commissioners shall assess and collect the tax levied pursuant to this section based upon the information provided in said return.

(d)

Taxes levied pursuant to this section shall be due no later than thirty (30) days after filing the return prescribed by subsection (c).

(Res. No. 83-22, §§ 1—4, 10-4-83)