Reckoning tax for business first begun or abandoned during year.
Section 37
SEC. 37. Reckoning tax for business first begun or abandoned during year.—When an occupation or business subject to a fixed tax is newly begun during any year the tax shall be reckoned from the commencement of the current quarter, or in case of a business subject to a monthly tax, from the first of the month; and when either is at any time abandoned, the tax shall not be exacted for a longer period than to the end of the quarter or month, as the case may be.