Pawnbroking Without a License

It shall be a misdemeanor to carry on the business of a pawnbroker or to receive goods in pledge for loans upon which interest is charged, without a license as a pawnbroker. The annual license fee for a pawnbroker shall be Five Hundred Dollars ($500.00). A pawnbroker shall pay business privilege tax upon its revenues and sales of pawned merchandise as a lending institution, as provided for in § 26202, subsections (f), (f)(1) and (f)(2) of 11 GCA Finance and Taxation. SOURCE: GC § 50001 added by P.L. 13-187:247 as R/R by P.L. 17-81:22. Amended by P.L. 29-002:V:I:105 (May 18, 2007). Amended by P.L. 29-002:VI:28 (May 18, 2007) the name, Gross Receipts Tax, changed to Business Privilege Tax, effective July 17, 2007.