Sec. 10-271. Casino night levy

There is hereby established and imposed a graduated casino night levy on gross receipts derived during the fiscal year from gaming activities conducted at a casino night by an organization pursuant to Section 5-118.01 of this Code to be expended for general purposes. The levy is imposed as follows: five percent (5%) on the first Ten Thousand Dollars ($10,000.00) or any lesser amount of gross receipts cumulatively derived during the fiscal year; ten percent (10%) on gross receipts in excess of Ten Thousand Dollars ($10,000.00) up to Twenty Thousand Dollars ($20,000.00) cumulatively derived during the fiscal year; and twenty percent (20%) on all gross receipts in excess of Twenty Thousand Dollars ($20,000.00) cumulatively derived during the fiscal year. The levy imposed in this Division is in addition to the fees established pursuant to Section 5-118.04 of this Code.