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•The assessment formula is based on the annual <br />business license payment and is calculated as <br />follows: <br />ƒBusinesses located curbside and downstairs on <br />Main Street are assessed at two times (2X) their <br />business license; <br />ƒBusinesses with a Main Street address located <br />upstairs, or not curbside, are assessed at a rate of <br />one and a half times (1½X) their business <br />license; <br />ƒAll other businesses (those located off Main Street) <br />pay an amount equal to one times (1X) their <br />business license. <br />•The minimum assessment is $50 and the maximum is <br />$350. Non-profit businesses within the District are not <br />assessed. Certain businesses pay an annual fee of <br />$200. <br />Current BID Assessment Revenue <br />Range of Gross <br />Receipts <br />Business License <br />Payment <br />$0 - $24,999 $25 <br />$25,000 - $99,999 $50 <br />$100,000 - <br />$249,999 <br />$75 <br />$250,000 and <br />above <br />$0.30 per $1,000 <br />BID Adjustment in 1996 Dollars to 2030 <br />Data Source: U.S. Bureau of Labor Statistics (BLS) <br />Page 170 of 264