All licenses issued and license taxes or fee imposed under the provisions of this
Article upon the gross receipts of a business, trade, occupation or calling conducted
by a corporation or partnership shall be issued to and paid by the corporation or
partnership, and when so paid, it shall be deemed to discharge (i) the license tax
liability of the members of such partnerships insofar as it relates to partnership
business or (ii) the license tax liability of the employees of such corporations as
it relates to the corporation business. (40-96-4.)
