Appendix 2020. Transferability of business tax certificates.

No business tax certificate, including exempt certificates, issued pursuant to the provisions of this Chapter shall be transferable; provided, however, where a business tax certificate is issued authorizing a person to transact and carry on a business at a particular place, such business tax certificate holder may, upon application, therefor, and paying of a fee in the amount of twenty-five dollars ($25.00), have the business tax certificate amended to authorize the transfer of such business tax certificate to some other lawfully approved location to which the business is, or is to be, moved. Additionally, the transfer of a business tax certificate to another person under such circumstance that the real or ultimate ownership after the transfer is substantially similar to the ownership existing before the transfer, shall not be prohibited by the provisions of this section. For the purposes of this section, stockholders, bondholders or other entities included within the definition of a person are regarded as having the real or ultimate ownership of such corporation or other entity.

(Rep. & Reen. Ord. 4396—3/5/02)