|
Any person engaging in the business of furnishing any real or tangible personal property for rent, lease, or loan shall be required to apply for and obtain a City of Clarksburg business license. The license term will expire June 30 of each year. Our office will mail a license renewal form each year and you will be required to sign the form and return it to our office by June 30.
Once licensed, you will receive an annual business and occupation tax form in the 1st week of January. The amount of business and occupation tax due is based on one (1%) of your total income received from all rental properties.
If you sell your rental property, it is necessary that you notify the Finance office, in writing, as of the date your business ceased to whom you sold the property, and if the new owner will continue to use the property as rental. You need to also file a "final" business and occupation tax return as of the date you sold the property.
|