Legal Documents of Mountain City

Code of Mountain City

Table of Contents » Title 8 Alcoholic Beverages » Chapter 3 Sale Of Liquor By The Drink » § 8-304 Annual privilege tax to be paid to the town recorder.
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Title 8
8-1
Title 8, Chapter 1
8-101
§ 8-101
Mountain City
Title 8 : Alcoholic Beverages
Chapter 3 : Sale Of Liquor By The Drink

8-304 : Annual privilege tax to be paid to the town recorder.

  1. Remittance. Any person, firm, corporation, partnership, LLC, or other entity engaging in the business of selling alcoholic beverages for consumption on the premises in the Town of Mountain City shall submit annually to the town recorder the appropriate tax described in § 8-303 of the Municipal Code of the Town of Mountain City.
  2. Time. Initially, the privilege taxes shall be payable on the date the license is issued by the Tennessee Alcoholic Beverage Commission. The foregoing taxes shall be prorated from said date of issuance until the next following October 1, at which time, a full year's taxes shall then be payable.
  3. Transfer. Upon the transfer of ownership of such business or the discontinuation of such business, said tax shall be filed within thirty (30) days following such event.

  4. Penalties/interest. When any licensee shall fail to pay the initial privilege tax or any annual tax due each October 1, there will be a penalty equivalent to five percent (5%) of the privilege tax each month, up to a maximum of twenty-five percent (25%).

    Each licensee shall have thirty (30) days from the due date before the penalty starts to accrue. Interest on the taxes shall accrue at the rate of ten percent (10%) per annum until paid. (Ord. #1630, May 2019)