(A) Net profit shall be apportioned consistent with and pursuant to KRS 67.753.
(B) Each business entity desiring apportionment shall file an apportionment form provided by the City Clerk.
(C) When compensation is paid or payable for work done or services performed or rendered by an employee, both within and without the city, the license tax shall be measured by that part of the compensation paid or payable as a result of work done or service performed or rendered within the city. The license tax shall be computed by obtaining the percentage which the compensation for work performed or services rendered within the city bears to the total wages and compensation paid or payable. In order for the city to verify the accuracy of a taxpayer's reported percentages under this division, the taxpayer shall maintain adequate records.
(Ord. 2008-05, passed 6-12-08)