The occupational license fee that is levied and imposed by this chapter is at the rate of:
(A) Employees. Ninety-nine one-hundredths percent (0.99%) of all compensation earned by an employee for labor, work or services provided in the city.
(B) Those not employees. Seven and one-half one-hundredths percent (0.075%) of the taxable gross receipts of everybody, other than employees, engaged in any franchise, trade, occupation, profession or other business in the city.
(C) The occupational license fee enacted herein will apply only to taxable compensation that is subject to Federal Insurance Contributions Act (FICA), 26 U.S.C. § 3101 et seq. This “FICA-Cap” means that wages above the FICA-Cap are not subject to the provisions of this section.
(D) In the event that changes or amendments are made to federal statutes governing the Federal Insurance Contributions Act, this section shall comply with all such changes or amendments to the extent required by law; and any taxable amounts affected by such changes or amendments will be collected accordingly. If any provision of this section or its application to any person or circumstance is held invalid because of changes or amendments to the Federal Insurance Contributions Act, the invalidity does not affect other provisions that can be given effect without the invalid provision or application.
(Ord. 10-07, passed 12-05-07; Am. Ord. 15-12, passed 10-3-12; Am. Ord. 04-2021, passed 5-19-21)