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• receipts from an unrelated trade or business, the income of which is taxable under Internal Revenue Code Section 511, et seq. For the purpose of this subsection, "charitable nonprofit organization" means an organization which is described in Internal Revenue Code Section 501(c)(3) and to which contributions are deductible by the contributor under Internal Revenue Code Section 170, except that educational institutions shall be limited to schools, colleges and other similar institutions of learning. 18. On or measured by gifts, contributions, and membership dues of a nonprofit organization. Activities conducted for consideration which are similar to activities conducted for consideration by for-profit businesses shall be presumed to be activities that are part of a business subject to licensure. For the purpose of this subsection, "nonprofit organization" means an organization exempt from federal income tax under Internal Revenue Code Section 501 other than charitable nonprofit organizations. 19. On any venture capital fund or other investment fund, except commissions and fees of such funds. However, gross receipts from the sale. and rental of real estate and buildings remain taxable by the city provided the • real estate is located in the city and provided the city is authorized to tax such business and rental of real estate. Section 14-5. Limitations and extensions. (a) Where, before the expiration of the time prescribed for the assessment of any license tax imposed pursuant to this chapter, both the Commissioner and the taxpayer have consented in writing to an extension allowing the assessment to be made at a later date, the tax may be assessed at any time prior to the expiration of the period agreed upon. The period so agreed upon may be extended by subsequent agreements in writing made before the expiration of the period previously agreed upon. (b) If the Commissioner ascertains that any license issuance fee or license tax has not been assessed for the current license year or any of the three preceding license years or that the same has been assessed at less that the law requires, the Commissioner shall assess the license issuance fee or license tax for such year or years at the rate or rates prescribed for that tax year or years. (c) Notwithstanding Va. Code §58.1-3903, if the Commissioner ascertains that because of a person's fraud or failure to apply for a license, any license issuance fee or license tax has not been • assessed for the current license year or any of the six preceding license years, or that the same has been assessed at less than the Page 10 of 34