The following money receipts are not deemed to be salaries, wages, commissions, and other compensations and net profits, within the meaning of this subchapter.
(A) Old age or retirement payments. Periodic payments commonly recognized as old age or retirement pensions, made to persons retired from service after reaching a specific age or a stated period of employment, are not subject to the license fee.
(B) Disability, sickness, and accident benefits, unemployment compensation, and other insurance payment received from personal injuries or property losses. Payments to employees by an employer under a disability, sickness, and accident benefit plan are not subject to the license fee. Unemployment compensation payments by the Commonwealth of Kentucky, or any other agent, are not subject to the occupational license fee. Payments received for personal injuries and property losses are not subject to the occupational license fee.
(C) Death benefits. Death benefits payable to the beneficiary of an employee or to their estate, whether payable in a single sum or otherwise, are not subject to the occupational license fee.
(D) Worker's compensation benefits. Benefits arising under the Worker's Compensation Act as compensation for disabilities sustained during the course of employment, together with any amount of damages received by suit or agreement, on account of such disability are not subject to the occupational license fee.
(E) Any income exempt from occupational taxation by state or federal law.
(Ord. 7-24-23, passed 8-28-23)