(A) The regulatory license fee imposed under this chapter shall be 5% of the gross sales receipts for all alcoholic beverages sold for the licensing year beginning June 1, 2009.
(B) The regulatory license fee established above in division (A) shall continue until amended or repealed by the City Council through amended ordinance.
(C) Pursuant to KRS 243.075(6), the revenue received from the imposition of the regulatory license fee authorized under state law in this section shall be:
(1) Deposited into a segregated fund of the city;
(2) Spent only for costs incurred for policing, regulation and administration related to the sale of alcoholic beverages; and
(3) Audited under an annual audit form pursuant to KRS 91A.040.
(Ord. 2009-006, passed 7-6-09; Am. Ord. 2014-004, 8-12-14)