Reckoning of tax for business first began or abandoned during year.
Section 181
SEC. 181. Reckoning of tax for business first began 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 semester or 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 semester, quarter, or month, as the case may be.