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The board is empowered to prescribe and publish reasonable fees for the following purposes:
Application fee which is nonrefundable;
Initial license fee;
Renewal of license fee;
Late renewal fee;
Limited permit fee;
Reinstatement of license fee;
Inactive license fee.
Such fees shall be commensurate to the extent feasible with the cost of fulfilling the duties of the board and council as defined by this chapter; however, no individual fee shall exceed One Hundred Fifty Dollars ($150.00).
Any increase in the fees charged by the board under this section shall be in accordance with the provisions of Section 41-3-65.