Payment of tax by funding source.
San José Municipal Code § 4.77.032
in effect4.77.032 - Payment of tax by funding source.
A. Each Funding Source shall pay the Business Tax set forth in Chapter 4.76 of this Code.
B. In addition to the Business Tax paid pursuant to Chapter 4.76 of this Code, commencing January 1, 2021, each Funding Source with total annual gross revenues in excess of ten thousand dollars ($10,000) shall pay a tax on its total annual gross revenues derived from Funding Source activities in the City. The tax shall be paid monthly and calculated by multiplying monthly gross revenues by the applicable tax rate as determined by the total annual gross revenues as set forth below.
1. Where the total annual gross revenues are up to $25,000,000, the tax rate imposed on the monthly gross revenues, including the annual gross revenues equal to or less than $10,000 shall be five percent (5%);
2. Where the total annual gross revenues are $25,000,001 to $30,000,000, the tax rate imposed on the monthly gross revenues, including the annual gross revenues less than $25,000,001, shall be seven and one-half percent (7.5%); or
3. Where the total annual gross revenues are greater than $30,000,000, the tax rate imposed on the monthly gross revenues, including the annual gross revenues equal to or less than $30,000,000, shall be ten percent (10%).
C. For purposes of this Chapter, when computing the total annual gross revenues and the tax owed fractions of dollars of fifty cents ($0.50) and greater shall be rounded up to the next whole dollar.
(Ord. 2020.1)
Source: City of San José, Municipal Code (Municode Library, library.municode.com)URL: https://library.municode.com/ca/san_jose/codes/code_of_ordinances?nodeId=TIT4REFIBUTA_CH4.77CATA_4.77.032PATAFUSOFetched: 11/1/2026