a.Upon a person applying for the first license to be issued for a newly established business, such person shall furnish to the Finance Director, for his or her guidance in ascertaining the amount of license tax to be paid by the applicant, a written statement upon a form provided by the Finance Director, signed by the applicant and certified under penalty of perjury to be true and correct, or sworn to before the Finance Director, his or her deputies or assistants, or any person authorized to administer oaths, setting forth such information as may be therein required and as may be necessary properly to determine the amount of the license tax to be paid by the applicant.

b.The applicant shall estimate the annual amount of gross receipts for the purpose of determining the license bracket which will be applicable for the period covered by the license to be issued. Such estimate, if accepted by the Finance Director as reasonable, shall be used in determining the amount of license tax to be paid by the applicant; provided, that the amount of the license tax so determined shall be tentative only and such person shall, within 15 days after the expiration of the period for which such license was issued, furnish the Finance Director with a certified or sworn statement upon a form furnished by the Finance Director, containing the data required to show the licensing bracket properly applicable to such person during the period of such license and the license tax for such period shall be finally ascertained and paid in the manner provided by this Chapter, after deducting from the payment found to be due the amount paid at the time such first license was issued. The Finance Director shall not issue to any such person another license for the same or any other business until such person shall have furnished to him or her the written statement and paid the license tax as required in this Chapter.

c.Upon filing an application, the applicant shall pay the prescribed minimum license fee, in advance; provided, that such license is issued on an annual basis, it shall be prorated as follows: