Transferability

(a)

Upon payment of a transfer fee up to ten percent of the annual BTR but less than $3.00 or not more than $25.00, all BTRs issued by the city shall be transferable with the approval of the city manager or designee, except as otherwise prohibited by this chapter, when there is a bona fide sale and transfer of the property used and employed in the business as stock in trade, and not otherwise; provided that the seller of the business shall present the local BTR to the city manager or designee with an endorsement assigning all right, title and interest to the purchaser, and the purchaser shall produce a properly executed bill of sale showing the transfer of stock from the person licensed to the purchaser. Upon payment of a transfer fee of up to ten percent of the annual licensed tax, but not less than $3.00 or not more than $25.00, BTR may be transferred from one location to another, provided that a written request for such transfer and the BTR to be transferred shall first be presented to the city manager or designee for approval of such transfer along with a current and valid certificate of use for the complying activity at the new location.

(b)

This section shall not apply to cabaret and nightclub BTRs, and such BTRs shall be issued as new or original BTR upon a change of complyee, without requiring payment of new BTR taxes.

(Ord. No. 10303, § 1, 7-23-87; Code 1980, § 31-19; Ord. No. 11287, § 2, 7-13-95; Ord. No. 12885, § 1, 2-8-07; Ord. No. 13106, § 2, 10-8-09; Ord. No. 13676, § 2, 4-27-17; Ord. No. 13745, § 2, 2-22-18)

State Law reference— Authority, F.S. § 205.043(2), (3).