(A) For the purpose of providing funds for the general operating expenses of the county and the services and function provided thereby, and subject to the provisions of KRS 67.750 through 67.795, and except as provided by division (B) of this section, an occupational license fee is hereby levied and imposed upon everybody engaged in any franchise, trade, occupation, profession or other businesses in the County, for the privilege of that engagement.
(B) The occupational license tax (fee) that is levied and imposed by shall be set at the rate of:
(1) Compensation. The occupational license tax (fee) shall be measured by 0.9097% of the amount of 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 up to 50% of the maximum taxable earnings applicable to the Federal Social Security Program (Old Age, Survivors and Disability Insurance (OASDI) as adjusted annually and 0.1097% of the amount of 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 exceeding the aforementioned 50% cap, up to the maximum taxable earnings applicable to the Federal Social Security Program (OASDI) as adjusted annually;
(2) Net profit. The occupational license tax (fee) shall be measured by 0.9097% of the net profits up to 50% of the maximum taxable earnings applicable to the Federal Social Security Program (Old Age, Survivors and Disability Insurance (OASDI) as adjusted annually and 0.1097% of net profit exceeding the aforementioned 50% cap, up to the maximum taxable earnings applicable to the Federal Social Security Program (OASDI) as adjusted annually, for the net profit from business conducted in the county by a resident or nonresident business entity.
(C) No employee, business, trade, occupation or profession shall have withheld from their salary or wages, an amount in excess of the amount ascertained by multiplying the social security maximum, as defined annually by the Federal Government, by the rate of the occupational license fee as set forth in this section.
(D) As authorized by KRS 68.197, in order to reduce administrative costs and to minimize paperwork for employers, employees and businesses, any person, individual, partnership, professional association, joint venture, or corporation may elect to pay an annual fixed amount license fee equal to an amount ascertained by multiplying the social security maximum, as established by the Federal Government, by the rate of the occupational license fee as set forth in this section, payable in advance rather than as set forth in this chapter, in lieu of reporting and paying the percentage rate as provided in this section on salaries, wages, commissions, and other compensation for work done or services performed or rendered in the county and on net profits of businesses, trades, professions or occupations from activities conducted in the county. The election shall be made on the forms available from the License Inspector. Any employee making the election shall furnish a copy of the form to his or her employer for withholding purposes. Beginning January 1, 2001, and annually thereafter, any individual, partnership, professional association, joint venture or corporation electing to pay the annual fixed amount license fee in advance, shall do so prior to April 15 of each year.
(E) The net profits received from the operation of real estate by persons, trust companies and real estate agents, for or on behalf of persons (or estates) are subject to the license fee imposed by this chapter.
(Ord. 225.48, passed 12-27-07; Am. Ord. 225.50, passed 2-16-08; Am. Ord. 226.07, passed 11-8-22)