Sec. 19-55. Rental of property.
Every person engaged in the business of owning, conducting or operating any apartment house, house court or bungalow containing ten or more rental units, and every person engaged in the business of renting, or letting ten or more apartments, single-family dwellings or other accommodations for dwelling, sleeping or lodging in such place, shall pay an estimated annual license tax for each fiscal year in the amount determined as follows:
a.Gross receipts of $12,500 or less per annum, the sum of $15.
b.Gross receipts in excess of $12,500 per annum, the sum of $15 plus $6 for each $2,500 of gross receipts or fraction thereof in excess of $12,500 per annum.
This Section shall not be applicable to real estate brokers or agents licensed pursuant to this Chapter who act as agents of owners or operators of apartment houses, house courts, bungalow courts, single-family dwellings or other accommodations for dwelling.