Legal Documents of Adams

Code of Adams

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 3 Merchant'S Ad Valorem Taxes » § 5-301 Tax payable -- merchants included.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Adams
Title 5 : Municipal Finance and Taxation
Chapter 3 : Merchant'S Ad Valorem Taxes

5-301 : Tax payable -- merchants included.

Merchants shall pay an ad valorem tax upon the capital invested in their businesses at the same rate as that levied on real property. The term "merchant" includes all persons, co-partnerships, agents, or corporations engaged in trading or dealing in any kind of goods, fares, and/or merchandise, and confectioners, and others, whether such goods, wares, or merchandise be kept on hand for sale or the same be purchased and delivered for profit as ordered. (1964 Code, § 5-201)