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 Jefferson Parish
 Code of Ordinances
 Chapter 35. TAXATION
 Article VI. OCCUPATIONAL LICENSE TAX

  § 35-176. Business of lending or of dealing of notes secured by chattel mortgages or other liens.  

Latest version.

  • (a)

    For every person, firm, corporation, or association or persons engaged in the business of purchasing, selling, trading in, or lending on unsecured notes or on notes secured by chattel mortgages, or other statutory liens, being commonly known as finance or securities companies, a license based on the amount of loans made by the business shall be required. The license shall be based on the amount of the loans made by the business and the amount of said license shall be as shown in the following table:

    If the amount of loans made is:

    As Much As But Less Than The Annual License Shall Be:
    $ 0 $ 250,000 $ 50
    250,000 500,000 100
    500,000 750,000 150
    750,000 1,000,000 200
    1,000,000 1,250,000 250
    1,250,000 1,500,000 300
    1,500,000 1,750,000 350
    1,750,000 2,000,000 400
    2,000,000 2,250,000 450
    2,250,000 2,500,000 500
    2,500,000 3,000,000 550
    3,000,000 3,500,000 600
    3,500,000 4,000,000 650
    4,000,000 4,500,000 700
    4,500,000 5,000,000 750
    5,000,000 5,500,000 800
    5,500,000 6,000,000 850
    6,000,000 6,500,000 900
    6,500,000 7,000,000 950
    7,000,000 7,500,000 1,000
    7,500,000 8,000,000 1,050
    8,000,000 8,500,000 1,100
    8,500,000 9,000,000 1,150
    9,000,000 9,500,000 1,200
    9,500,000 10,000,000 1,250
    10,000,000 11,000,000 1,350
    11,000,000 12,000,000 1,450
    12,000,000 13,000,000 1,550
    13,000,000 14,000,000 1,650
    14,000,000 15,000,000 1,750
    15,000,000 16,000,000 1,850
    16,000,000 17,000,000 1,950
    17,000,000 18,000,000 2,050
    18,000,000 19,000,000 2,150
    19,000,000 20,000,000 2,250
    20,000,000 25,000,000 2,500
    25,000,000 30,000,000 3,000
    30,000,000 35,000,000 3,500
    35,000,000 _____ 3,700

     

    (b)

    The "amount of loans made," for the purposes of this section, shall mean the total of all amounts of funds or goods advanced to borrowers and the amounts paid for notes or other similar evidences of indebtedness purchased or otherwise acquired from others.

    (c)

    In the case of a new business, the basis for the first year's license shall be provided for in section 35-156 and section 35-160 of this article, except that the "amount of the loans made" shall be substituted for "gross revenue."

(Ord. No. 17268, § 1, 6-10-87)

State law reference

State license, R.S. § 47:356.