A. There is imposed on any person engaging in business in the municipality for the privilege of engaging in business in the municipality an excise tax to be referred to as the “municipal gross receipts tax.” The rate of the tax shall be equal to one-fourth of one percent of the gross receipts of the person engaging in business.
B. To prevent evasion of the municipal gross receipts tax and to aid in its administration, it is presumed that all receipts of a person engaging in business within the municipality are subject to the municipal gross receipts tax. (Ord. 1101-78 § 4, 1978).