The following money receipts are not deemed to be “salaries, wages, commissions and other compensations” within the meaning of this chapter:
(A) Old age or retirement programs. Periodical payments, commonly recognized as old age or retirement pensions, made to persons retired from service after reaching a specified age or after a stated period of employment are not subject to the license fee;
(B) Disability, sickness, accident benefits and unemployment compensation. Payments made to employees by an employer under a disability, sickness and accident plan are not subject to the license fee. Unemployment compensation payments made by the state or any other agency are not subject to the license fee;
(C) Death benefits. Death benefits payable by an employer to the beneficiary of an employee or to his or her estate, whether payable in a single lump sum or otherwise, are not subject to the license fee;
(D) Benefits arising under the Worker’s Compensation Act. Amounts received by employees under the Worker’s Compensation Act as compensation for a disability sustained during the course of employment, together with any amount of damages received by a suit or agreement on account of the disability, are not subject to the license fee; and
(Ord. 220.7-6-2008, passed 6-25-2008; Ord. 2019-009, passed 4-8-2019)