State law requires that all businesses (with exceptions for professions, manufacturers, and certain disabled persons) inside the city of Jackson have both city and county business licenses.
A simple form is completed on each business and a fee for the issue of the initial business license is levied. Business taxes, unlike property taxes, are not based on an assessment performed by a government agency. Business taxes are assessed against the gross receipts during a certain time period.
Each year, gross receipts reporting forms are sent to all licensed businesses in a specific class. The business owner must file gross receipts figures, take certain deductions allowed and figure the tax owed. The following are examples of businesses in each class of business license. This list is not exhaustive:
Class I (Jan. 1- Dec. 31)
Class II (April 1- March 31)
Class III (July 1- June 30)
Class IV (Oct. 1-Sept. 30)
Payments can be made by cash, personal check or money order. Arrangements are being made to allow electronic payments.
Financial information supplied to the city is confidential according to state law. The city cannot give this information to anyone other than the business owner or his/her authorized agent unless the records are under subpoena by a court.