Under what condition can an applicant qualify for a reduced license fee?

An applicant can qualify for a reduced license fee if their business income does not exceed $20,000 per annum. This policy is designed to support smaller businesses and entrepreneurs who may be in the early stages of their operations, allowing them to allocate limited resources to essential costs like licensing. By implementing a threshold of $20,000, the licensing authority aims to ease the financial burden on new or smaller businesses, encouraging growth and compliance with state regulations. This framework recognizes that businesses earning below this income level may require additional support as they establish themselves within the market.