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AN ORDINANCE TO AMEND AND REORDAIN <br />SECTIONS 15-113 AND 15-114 <br />OF THE CODE OF THE CITY OF CHARLOTTESVILLE, 1976, <br />AS AMENDED, IN ORDER TO REDUCE THE RATE OF TAXATION <br />ON CERTAIN CLASSIFICATIONS OF <br />BUSINESS, PROFESSIONAL AND OCCUPATIONAL LICENSES. <br />BE IT ORDAINED by the Council of the City of Charlottes- <br />ville, Virginia, that: <br />1. Pursuant to the rollback provisions of Virginia Code <br />Section 58-266.1, Sections 15-113 and 15-114 of the Code of the <br />City of Charlottesville, 1976, as amended, are amended and <br />reordained as follows: <br />Sec. 15-113. Class III: Financial, real estate and <br />professional services. <br />(c) Subclassification A. The following types of businesses <br />shall pay an annual license tax of twenty-five dollars on the <br />. first two thousand dollars of gross receipts or fraction thereof, <br />and sixty fifty-eight cents per hundred dollars of gross receipts <br />in excess of two thousand dollars: <br />(1) Chattel mortgage financing. <br />(2) Consumer finance companies. <br />(3) Installment financing. <br />(4) Loan or mortgage companies. <br />(d) Subclassification B. The following types of businesses <br />shall pay an annual license tax of twenty-five dollars: <br />(1) Savings and loan associations. <br />(2) State chartered credit unions. <br />(e) Subclassification C. The following types of businesses <br />shall pay an annual license tax of twenty-five dollars on the <br />first two thousand dollars of gross receipts or fraction thereof, <br />and fifty cents per hundred dollars of gross receipts in excess <br />of two thousand dollars: <br />(1) Stockbrokers. <br />(2) Dealers in securities or commodities. <br />(3) Investment counselors and management services. <br />(4) Any other financial service business not listed in <br />• another subclassification under this section. <br />1 <br />