(A) Except as provided in § 110.07, every person or business entity engaged in any business for profit and any person or business entity that is required to make a filing with the Internal Revenue Service or the Kentucky Revenue Cabinet shall be required to file and pay to the city an occupational license fee for the privilege of engaging in such activities within the city. The occupational license fee shall be measured as follows:
(1) The occupational license fee for employees shall be 2.50% of all wages and compensation paid or payable in the city for work done or services performed or rendered in the city by every resident and nonresident who is an employee;
(2) The occupational license fee on gross receipts shall be as follows: license fees for trades, businesses, and occupations in the city shall be paid based upon the gross receipts of the trade, business or occupation.
(B) Computation shall be made upon forms provided by the City Clerk/Treasurer as follows:
(1) Determine the gross receipts from the preceding calendar year,
(2) (a) For the first $99,999.99 of gross receipts, or portions thereof, the license rate shall be $60.00;
(b) For gross receipts of $100,000.00 to $199,999.99, the license rate shall be $95.00;
(c) For gross receipts of $200,000.00 to $299,999.99, the license rate shall be $195.00;
(d) For gross receipts of $300,000.00 to $399,999.99, the license rate shall be $290.00;
(e) For gross receipts of $400,000.00 to $499,999.99, the license rate shall be $450.00;
(f) For gross receipts of $500,000.00 to $699,999.99, the license rate shall be $755.00;
(g) For gross receipts of $700,000.00 to $999,999.99, the license rate shall be $1,040.00;
(h) For gross receipts of $1,000,000.00 to $2,999,999.99, the license rate shall be $1,925.00;
(i) For gross receipts of $3,000,000.00 to $4,999,999.99, the license rate shall be $3,025.00;
(j) For gross receipts of $5,000,000.00 to $7,499,999.99, the license rate shall be $4,125.00;
(k) For gross receipts of $7,500,000.00 to $9,999,999.99, the license rate shall be $5,225.00;
(l) For gross receipts of $10,000,000.00 and over, the license rate shall be $6,325.00.
(C) The minimum fee liability on gross receipts under this section shall be a minimum of $60. The maximum fee shall be $6,325.
(D) If any business entity dissolves, ceases to operate, or withdraws from the city during any taxable year, or if any business entity in any manner surrenders or loses its charter during any taxable year, the dissolution, cessation of business, withdrawal, or loss or surrender of charter shall not defeat the filing of returns and the assessment and collection of any occupational license fee for the period of that taxable year during which the business entity had business activity in the city.
(Ord. 2007-12-01, passed 12-19-07)