(A) Every person engaged in any business, trade, occupation, profession or other activity within the city shall pay to the city a business license fee for the privilege of engaging in such activities. The business license fee shall be measured by percent (.01) of the gross receipts of all salaries, wages, commissions or other compensation earned by every person in the city for work done or services performed or rendered in the City of Cold Spring. There shall be a maximum liability for each employee equal to the maximum established for FICA purposes. This maximum shall be applied by each employer on the salaries, wages, commissions, or other compensation earned by each employee.
(B) The gross receipts of all businesses, trades, professions or occupations from activities conducted within the city will be subject to the following schedule of fees;
TOTAL GROSS RECEIPTS | LICENSE FEE | |
From | To | |
TOTAL GROSS RECEIPTS | LICENSE FEE | |
From | To | |
$0.00 | $9,999.99 | $25.00 |
$10,000.00 | $24,999.99 | $50.00 |
$25,000.00 | $99,999.99 | $100.00 |
$100,000.00 | $199,999.099 | $150.00 |
$200,000.00 | $299,999.099 | $200.00 |
$300,000.00 | $399,999.99 | $250.00 |
$400,000.00 | $499,999.99 | $300.00 |
$500,000.00 | $699,999.99 | $350.00 |
$700,000.00 | $999,999.99 | $500.00 |
$1,000,000.00 | $2,999,999.99 | $750.00 |
$3,000,000.00 | $4,999,999.99 | $1,000.00 |
$5,000,000.00 | and over | $1,500.00 |
(C) Every person, association, corporation or other entity engaged in any business, trade, occupation or profession within the city shall pay the sums under division (B) above or the following sums which shall be considered a minimum annual fee, for the privilege of engaging in the occupations, trades, professions or activities enumerated below within the city, whichever sum is larger:
Carnival | $100.00 per day |
Vending machines | $10.00 each |
Auctioneers | $20.00 per day |
Hucksters | $100.00 per day |
House to house solicitors | $20.00 per day each |
Electronic game and pinball machines | $35.00 each |
(D) There is an allowable deduction from the gross receipts for the sales of the price of property sold and returned during the period covered by the return to be filed.
(E) The amount of gross receipts for the sale of alcoholic beverages, licensed under other ordinances of the city, may be deducted from the total gross receipts.
(F) There is an allowable deduction from gross receipts for any Kentucky/Federal excise tax computed on a basis for the sales price of commodities sold by a taxpayer.
(Ord. 93-625, passed 6-3-93; Am. Ord. 02-786, passed 2-20-02; Am. Ord. 03-811, passed 7-28-03; Am. Ord. 04-833, passed 3-22-04; Am. Ord. 08-940, passed 2-25-08)