(a) All original license fees shall be charged on an annual basis, commencing on the date of issuance or renewal and ending on the day before the month and day of issuance in the following year. (b) The existing fee structure for business licenses shall remain intact and in effect. (c) All licenses and endorsements renewed as per § 70115(b) of this Chapter shall have their fees prorated appropriately to conform with the revised renewal date. SOURCE: GC § 16014.1. This section and §16014 were split by P.L. 5-055:2 (Jan. 27, 1960) effective July 1, 1960 pursuant to P.L. 5-055:6 and the combined section had been amended by P.L. 2-048:1 (July 22, 1953). Amended by P.L. 33-083:3 (Nov. 9, 2015) effective October 2, 2016 pursuant to P.L. 33-083:5. 2025 NOTE: Past publications of the GCA included a manifest error stating the effective date of P.L. 5-055 was January 22, 1960. This erroneous information has been corrected and will be omitted from future publications. 2015 NOTE: In the amendment of this section by P.L. 33-083:3, subsection designations (a) and (b) were added. The Compiler pursuant to authority granted by 1 GCA § 1606 altered the designations further to adhere to its general codification scheme.