The business license term shall be for a fiscal year, beginning July 1 and ending June 30 of the next year, and business license fees are due annually on or before July 1, of the fiscal year for which the license is required. Any material change in business activity licensed herein or any material change in a condition of approval for a business activity licensed herein automatically terminates the business license without notice and requires application for a new business license. (Ord. 3087, amended, 10/01/2013; Ord. 2926, amended, 06/06/2006)