Business License Tax Codes - Birmingham

SCHEDULE 319 - FUNDS, TRUSTS, AND OTHER FINANCIALVEHICLESEach person, firm, partnership, corporation or other organized group engaged in the business ofpooling securities or other assets on behalf of shareholders or beneficiaries where interest,dividends, and other property income is earned shall pay a license of...........................$480.00Plus an amount equal to 2/10 of 1% of gross revenue in excess of $100,000.NAICS / NAICS TITLELICENSE SCHEDULE / LICENSE DESCRIPTIONNAICS 531 NAICS TITLE - Real EstateIndustries in the Real Estate sub-sector group establishments that are primarily engaged in renting orleasing real estate to others; managing real estate for others; selling, buying, or renting real estate forothers; and providing other real estate related services, such as appraisal services. Index includesreception hall, dance hall, banquet hall rental or leasing, concert hall, conference center, meetinghall, convention center with no promotion of events, mall property operations, shopping centerrental, office building, flea market space, nonresidential building( except mini-warehouse) rentaland leasing. Establishments primarily engaged in subdividing and developing unimproved realestate and constructing buildings for sale are classified in Sub-sector 236, Construction of Buildings.Establishments primarily engaged in subdividing and improving raw land for subsequent sale tobuilders are classified in Sub-sector 237, Heavy and Civil Engineering Construction.Real Estate Investment Trusts (REITS) are classified in Sub-sector 525, Funds, Trusts, and OtherFinancial Vehicles, because they are considered investment vehicles.SCHEDULE 213A - REAL ESTATE AGENTS AND/OR BROKERS -(a) Each person, firm or corporation engaged in the business of a real estate broker shall pay anannual license amount of $50.00 plus $50.00 annually for each salesperson, finder, broker or agentemployed or engaged in such licensed business other than the one licensed real estate broker inwhose name such business may be conducted, whether or not such person is called a “qualifying ordesignated” broker. The names of all such persons engaged in any such business for which a licenseis required under this Schedule 213, including the licensed broker under whose name such businessis conducted shall be given to the City's Finance Director and shall be shown on the license receiptbefore it is issued. Each owner, partner or stockholder, who engages in or assists in the conduct ofsuch business shall be counted for the purpose of determining the amount of annual license duehereunder, except the aforesaid one licensed real estate broker, but bookkeepers, secretaries, clericalpersonnel, maintenance workers and other employees whose services are only incidental toconducting or transacting such business shall not be so counted.Each person, firm or corporation engaged in the business of a real estate broker in respect to realproperty located within the City shall pay a license as herein set out even though the office orprincipal place of business may be outside the City.90