Every person or business entity engaged in any business for profit and any person or business entity that makes a filing with the Internal Revenue Service or the Kentucky Revenue Cabinet shall be required to file and pay to the city an annual occupational license tax for the privilege of engaging in such activities within the city unless exempt by KRS 92.281 or other applicable statutes. The amount of the annual occupational license tax shall be in both of the following amounts:
(A) Based on the gross receipts of all businesses, trades, professions, or occupations from activities conducted within the city, the amount as outlined in the following table except as excluded herein:
Total Gross Receipts (Dollars) | Amount of Tax (Dollars) |
Total Gross Receipts (Dollars) | Amount of Tax (Dollars) |
§ 0 - 500 | § 25.00 |
501 - 5,000 | 70.00 |
5,001 - 10,000 | 100.00 |
10,001 - 25,000 | 140.00 |
25,001 - 50,000 | 170.00 |
50,001-100,000 | 200.00 |
100,001 - 200,000 | 270.00 |
200,001 - 300,000 | 400.00 |
300,001 - 400,000 | 540.00 |
400,001 - 500,000 | 680.00 |
500,001 - 600,000 | 810.00 |
600,001 - 700,000 | 945.00 |
700,001 - 800,000 | 1,080.00 |
800,001 - 900,000 | 1,220.00 |
900,001 - 1,000,000 | 1,350.00 |
1,000,001 - 2,000,000 | 1,490.00 |
2,000,001 - 3,000,000 | 1,620.00 |
3,000,001 - 4,000,000 | 1,750.00 |
4,000,001 - 5,000,000 | 1,890.00 |
5,000,001 - and over | 2,030.00 |
(1) Every person having coin-operated amusement and vending machines, as defined in this section, on his or her premises shall pay an annual license tax to the city in the amount of ten dollars ($10.00) per machine instead of the amounts listed in the table above.
(2) Every person engaged in the business of leasing or renting real property or portions thereof shall pay an annual license tax to the city in the amount of .01 times his or her gross receipts but not less than the amount of one hundred dollars ($100.00) instead of the amounts listed in the table above.
(3) Every person engaged as a vendor of fruit, ice cream, sherbet, peanuts, popcorn, candy, and other articles upon the street, shall pay a license tax as described in (E) below, but not less than the amount of fifty dollars ($50.00) per year or ten dollars ($10.00) per day instead of the amounts listed in the table above.
(4) Every person engaged in the business of selling fireworks shall pay an annual license tax to the city in the amount of one thousand dollars ($1,000.00) instead of the amounts listed in the table above.
(B) Based on the 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 in amount of two and one-half percent (.025) of said wages and compensation.
(Ord. 2017-21, passed 12-5-17; Am. Ord. 2022-11, passed 5-3-22)