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AN ORDINANCE TO AMEND THE LICENSE TAX ORDINANCE OF THE CITY OF PORTSMOUTH, 1969, BY AMENDING SECTION 87.1 THEREOF PERTAINING TO A LICENSE TAX ON ENGAGING IN THE BUSINESS OF RENTING RESI- DENTIAL PROPERTY, INCLUDING HOUSES, APARTMENTS AND DWELLING UNITS. Be it ordained by the Council of the City of Ports- mouth, Virginia: ~ 1. That the license tax ordinance of the City of Portsmouth, 1969, be amended by amending Section 87.1, such amended section to read as follows: Section 87.1. Rental of residential property. Every person engaged in the business of renting residential property, including houses, apartments and dwell- ing units, shall pay an annual license tax of $12.OO for each such unit. For the purposes of this section, the phrase "en- gaged in business" shall mean a course of dealing which re- quires the time, attention and labor of the person so engaged for purpose of earning a livelihood or profit and implies a continuous and regular course of dealing, rather than an irregular or isolated transaction. The business of renting houses, apartments or dwelling units as used in this section shall be construed to mean the renting of buildings or por- tions thereof, each designed for residential occupancy as a single dwelling unit by one family but not hotels, motels, mobile home parks, lodging houses or boarding houses for which a license is otherwise required by this ordinance. 2. This ordinance shall take effect from and after the date of its passage and shall apply to the license tax year beginning May 1, 1973 and each and every year thereafter beginning with May 1 of each such year and ending with April 30 following. Adopted by the Council of the City of Portsmouth, Vir- ginia, at a meeting held July 24, 1973. Teste: City Clerk