(A)   Except as provided in divisions (B) and (D) below, 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 Commonwealth Revenue Cabinet shall be required to file and pay to the county an occupational license fee for the privilege of engaging in such activities within the county. The occupational license fee shall be measured by 0.70% effective January 1, 2020. The occupational and net profit tax rates shall be amended to 1% effective January 1, 2022 of:
      (1)   All wages and compensation paid or payable in the county for work done or services performed or rendered in the county by every resident and nonresident who is an employee; or
      (2)   The net profit from business conducted in the county by a resident or nonresident business entity.
   (B)   The occupational license fee imposed in this section shall not apply to persons or business entities exempted from occupational license fees by state law.
   (C)   The Fiscal Court may, by order, set an exemption of up to $10,000 from the net profits fee for each business and occupational license fee for each employee. Such exemptions shall be effective at the start of the next calendar year following the order, and must be adopted no later than 90 days prior to the start of the calendar year. Exemptions established by order shall remain in effect until modified by a subsequent order. The exemption shall be calculated pro rata for entities reporting net profits on a taxable year other than the calendar year.
   (D)   In order to provide uniformity to the citizens and taxpayers of the county, the Fiscal Court adopts by reference as if incorporated here in full, the exemptions set out in City Ordinance 5-2005 as the same exists as of the effective date of this subchapter.
(Ord. KOC 220.17 (2006), passed 11-21-2006; Ord. KOC 220.32 (2019), passed 6-6-2019; Ord. KOC 220.33 (2020), passed 9-17-2020)