§ 53-346. Imposition of the tax.

(a)

On and after 12:01 a.m., January 1, 1975, there is hereby levied and there shall be collected and paid a tax by every person exercising the taxable privilege of this article for the exercise of such privilege.

(b)

The amount of the tax hereby levied is ten (10) percentum of the price of each admission. In order to avoid amounts that are fractions of pennies, taxpayers shall use a rounding procedure approved by the manager when computing the tax. If a block of admissions is sold to a single purchaser at a bulk rate, the tax shall be computed on the bulk rate in such case instead of on individual admissions, provided that none of the tickets in the block are resold.

(Code 1950, § 166E.4; Ord. No. 680-08, § 1, 12-8-08)