For the purpose of this chapter the following definitions shall apply unless the context clearly indicates or requires a different meaning.
"ASSOCIATION." A partnership, limited partnership, joint venture, or any other form of unincorporated enterprise, owned, or engaged in by two or more persons.
"BUSINESS." An enterprise, activity, or undertaking of any nature conducted for gain or profit, or conducting by an individual, co-partnership, association, or any other entity. This shall not include the usual activities of boards of trade, chambers of commerce, trade associations, or unions (or other associations performing the services usually performed by trade association, or union ); community chest funds or foundations, corporations, or associations, organized and operated exclusively for religious, charitable, scientific, literary, educational, or civic purposes, or for the prevention of cruelty to children or animals; clubs or fraternal organizations operated exclusively for social, literary, educational, or fraternal purposes where no part of the earnings or income or receipts for such units, groups, or associations inures to the benefit of any private shareholder or individual.
"BUSINESS RECEIPTS." The sum total of gross receipts from sales plus gross credit or charges for work done and performed or services rendered.
"BUSINESSES, TRADES, PROFESSIONS, OR OTHER ACTIVITIES." The performing of any kind of work or the rendering of any kind of personal service.
"CITY." City of Mt. Vernon, Kentucky.
"CORPORATION." A corporation or joint stock association organized under the laws of the United States, the State of Kentucky, or any other state, territory, or foreign county or dependency.
"DIRECTOR OF FINANCE." A licensed certified public accountant appointed to the position in the city by the Mayor and with the established position in the city's personnel manual as adopted by the Council.
"EMPLOYEE." Any person engaging in or following any trade, occupation, profession, or activity within the meaning of (L) below.
"EMPLOYER." Any individual, person partnership, association, corporation, governmental body, or unit or administration or agency, or any other entity, who or that employs one or more persons on a salary, wage, commission, or other compensation basis.
"FIDUCIARY." A person who holds in trust property moneys, or properties, to which another has a beneficial title or interest, or who receives and controls income for another person or persons.
"LICENSEE." Any person required to file a return or to pay a license fee under this chapter.
"NET PROFITS." The net income from the operation of a business or enterprise after providing for all costs and expenses incurred in the conduct thereof. This amount shall be the same for that business or enterprise as reported for Kentucky income tax purposes for a given tax period after deducting all federal taxes paid in that period.
(Ord. 10-99, passed 10-4-99)