At the time a license application is filed each applicant shall deposit funds with the licensing administrator as security for the collection and remittance of city sales tax on retail sales made by such applicant. The amount of such deposit shall be established by the director in accordance with the provisions of section 2-587 of this Code. Such deposit shall be returned to the licensee upon payment in full of all sales tax due and owing to the City. (Ord. No. 2017-09, § 1, 2-27-2017)