The following words, when used in this ordinance, shall have the meanings ascribed to them in this section, except where the context clearly indicates or requires a different meaning:
   CORPORATION. A corporation or joint stock association organized under the laws of the United States, the State of Kentucky, or any other state, territory or foreign country or dependents.
   EMPLOYEE. Any person who renders services to another for a financial consideration or its equivalent, under an express or implied contract, and who is under the control and direction of the latter, and shall include temporary, provisional, casual or part-time employment.
   EMPLOYER. An individual, partnership, association, corporation, governmental body or unit or administration or agency, or any other entity, who as that employer has one or more persons on a salary, wage, commission or other compensation basis, regardless of whether such employer is engaged in business or is excluded by the terms of that definition.
   NET PROFIT. The net income from the operation of a business, profession, occupation or enterprise after provision for all costs or expenses incurred in the conduct thereof and shall be the same as reported for federal income tax purposes, excluding items exempted under this chapter but without deduction of taxes based on income or the license fee imposed under this chapter or any operating loss carry-over or carry-back. Net income includes both ordinary income and capital gains realized from the sale of a business or all or substantially all of the assets of a business where the person or entity has been engaged in that business within the city regardless of whether that business was active during the year the gain was realized.
   NONPROFIT ORGANIZATIONS. Trade association, union, chamber of commerce, board of trade or corporation or association organized and operated exclusively for religious, charitable, scientific, literary, educational or civic purposes, or for the prevention of cruelty to children or animals; or clubs or fraternal organizations operated exclusively for social, literary, educational or fraternal purposes, where no part of the earnings or income or receipts of such units, groups or associations inures to the benefit of any private shareholder or individual.
   NONRESIDENT. An individual, partnership, fiduciary, association, corporation or other entity domiciled outside the corporate limits of the city.
   RESIDENT. An individual, partnership, association, corporation or other entity domiciled or having a business situs within the corporate limits of the city.
   SALES. Net sales of merchandise or of services, or of both, computed by whatever method of accounting is authorized for federal income tax purposes.
   SALES WITHIN THE CITY. Includes sales of merchandise delivered to a customer within the city or services performed within the city for a customer.
(Ord. 51, 2021, passed 4-23-21)