(A) Levy and imposition. For the purpose of providing funds for the general operating expenses of the city and the municipal services and functions provided thereby, and subject to the provisions of KRS 67.750 through 67.795, an occupational license fee is hereby levied and imposed upon every business entity and employee engaged in any franchise, trade, occupation, profession or other businesses in the city, for the privilege of that engagement.
(B) Rate. The occupational license fee that is levied and imposed by this chapter is at the rate of:
(1) Employees. The rate of one and fifteen one-hundredths percent (1.15%) of all of the gross compensation earned by an employee for labor, work or services provided or performed in the city, which shall be limited to the maximum amount on which Social Security taxes are paid by one employer or employee.
(2) Business entities. The rate of seventy-five thousandths percent (0.075%) of the taxable gross receipts of every business entity who is engaged in any franchise, trade, occupation, profession or other business in the city, capped at forty thousand dollars ($40,000) per taxable year.
(C) Purpose of occupational license fee. The purpose of the occupational license fees imposed and levied by this chapter is to fund the general operating expenses of the city, including, without limitation, police, fire, emergency medical, public works and administrative services.
(Ord. 2007-12-1, passed 12-13-07; Am. Ord. 2018-08-03, passed 9-13-18; Am. Ord. 2019-08-02, passed 11-14-19; Am. Ord. 2021-7-2, passed 8-12-21)
Penalty, see § 110.99