Fiscal Note
There may be a minimal increase in General Fund revenues derived from fines and license fees.
Title
Creating Secs. 9.24(1)(d), (2)19. and amending Sec. 9.24(9)(a) and (b) of the Madison General Ordinances to clarify that temporary secondhand dealers are required to be licensed and to add gold and silver to the list of articles requiring a secondhand dealers license.
Body
DRAFTER'S ANALYSIS: This proposal clarifies that a person who engages in the activities of a secondhand dealer or a secondhand jewelry dealer from a temporary location, such as a hotel meeting room or guest room, is required to be licensed under Sec. 9.24, MGO. The proposal also adds the buying and selling of gold or silver, including coins, bullion, watches, watch bands or other items made primarily from gold and silver to the list of articles for which a secondhand dealer’s license is required. The proposal also provides that it shall be prima facie evidence that a person is engaged in the buying or selling of subject items if the person advertises that such purchases or sales may be made at a location within the City of Madison. The potential maximum penalty is increased to reflect the significant increases in the market value of gold and silver. The minimum penalty is unchanged.
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