Operating Budget 2025-2026

DESCRIPTION OF GENERAL FUND REVENUES ( continued)

LICENSES AND PERMITS Business, Professional and Occupational License Taxes (BPOL):

This is a license tax imposed on local businesses. Businesses with gross receipts less than $50,000 are charged a flat fee ranging from $30.00 - $50.00 depending upon total gross receipts. Rates vary according to business classifications and are as follows:

Financial, Real Estate and Professional Service

$0.37 per $100.00 of gross sales; $30.00 minimum.

Retail

$0.20 per $100.00 of gross sales; $30.00 minimum

Business, Personal, Repair Service

$0.23 per $100.00 of gross sales; $30.00 minimum

Contractors

$0.10 per $100.00 of gross sales; $30.00 minimum

Wholesaler

$0.05 per $100.00 of gross sales; $30.00 minimum

Public Utilities

$0.5% of gross receipts

Peddler

$30.00 flat fee $500.00 flat fee

Itinerant Vendor

Mobile Food Vendor

$100.00 flat fee

Motor Vehicle License:

A license tax for each motor vehicle, trailer, or semitrailer owned, kept or used by residents or businesses in the Town. The license tax rates are as follows:

Private passenger cars and motor homes Taxicabs and other for-hire automobiles weighing 4,000 lbs. or less Taxicabs and other for-hire automobiles weighing more than 4,000 lbs.

$ 25.00

29.50

34.50 12.50 37.50 35.00 175.00 350.00 700.00 837.50

Motorcycles

Trucks up to 10,000 lbs. Trucks 10,001 to 25,000 lbs. Trucks 25,001 to 40,000 lbs. Trucks 40,001 to 55,000 lbs. Trucks 55,001 to 70,000 lbs. Trucks 70,001 to 80,000 lbs.

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