Article - Business Regulation
(a) The minimum license fee under this title is $2.50.
(b) Except as otherwise provided in this title, the license fee shall be prorated quarterly, but not below $2.50, if an applicant applies after May 1 for a license that will become effective before the following April 30.
(c) (1) A person who must have a license under this title but does not get the license on time shall pay to the clerk, in addition to the required license fee, a late fee.
(2) The late fee shall be the sum of:
(i) 10% of the required license fee for the calendar month following the calendar month when the required license fee is due; and
(ii) 2% of the required license fee for each calendar month or part of a month after that.