Notwithstanding all other provisions of the Phoenix City Code, there shall be allowed as an offset, up to amount of tax due from a cable operator licensed under chapter 5, Phoenix City Code, arising from its business activities relating to or forming a part of its cable system operation under such license by such operator, and taxable under article IV of this chapter, any amounts paid to the City for cable license fees. (Ord. No. G-3778, § 1)