A. Each commercial cannabis business shall pay a tax of five percent of gross receipts in addition to the tax that would normally be required by Section 5.08.010. For purposes of this section, taxable gross receipts shall include gross receipts attributable to any business conducted by the commercial cannabis business or on its premises.

B. Except where clearly inapplicable, such tax shall be administered in the same manner (and subject to the same provisions of this code) as the business license tax required by Section 5.08.010, except that the tax shall be collected and administered by the regulatory administrator.

C. The tax shall be collected quarterly and due and payable on the first day of each calendar quarter.

D. The regulatory administrator may issue administrative interpretations of this requirement, may require that tax payments be made on a more frequent schedule than quarterly or on a different schedule than set forth in this section, may require that a deposit be made against any taxes that will be due in arrears, and may delegate his or her duties under this section to an employee of another city department with the consent of the city manager.

E. All taxes collected pursuant to this section shall be deposited in the general fund of the city and available for any lawful municipal purpose.

F. The city council may, by resolution, establish fees for audits of tax returns submitted pursuant to this section. (Ord. 2020-08 § 3, 2020)