(A) Every person whose earnings or net profits are subject to the license fee imposed by this chapter shall, on or before April 15 of each year, make and file a return with the Director of Finance. In the return filed there shall be set forth the aggregate amount of salaries, wages, bonuses, incentive payments, commission, fees, and other compensation received or net profits earned, all as defined in this chapter, by and during the preceding year within the city and subject to the license fee, together with such pertinent information as the Director of Finance may require.
(B) Where the entire earnings for the year are paid by one and the same employer and the license fee has in each instance been withheld or deducted by the employer for the gross amount of compensation without adjustment for expenses, it shall not be necessary for such employee to file a return for the year unless required or requested to do so by the Director of Finance.
(C) If the return is made for a fiscal year or for any period other than a calendar year, the return shall be made within 105 days from the end of the fiscal year or other period.
(D) The return shall also show the amount of the license fee imposed by this chapter on such earnings or net profits, or both.
(E) The person making the return shall, at the time of filing, pay to the City Tax Office the amount of fee shown to be due by the return.
(F) Where any portion of the license fee otherwise due shall have been deducted at the source and shall have been paid to the City Tax Office by the person making the deduction, a credit equal to the amount so paid shall be deducted from the amount shown to be due and only the balance, if any, shall be due and payable at the time of filing of the return.
(G) If a licensee shall terminate his or her business or employment for which the license fee has not been withheld during the calendar year or fiscal year, the proper return shall be filed and the tax paid within 135 days after termination of business or employment.
(H) Persons temporarily engaged in business, as defined in this chapter, within the city, or temporarily performing services within this city, shall file a return and pay the license fee upon the completion of the business or employment.
(I) Persons, associations, corporations, or other entities engaged in any occupation, trade, profession, or other activity in the city, require special regulation and supervision, shall pay a minimum license fee of $50, payable in advance, to the city for each calendar year, or fraction thereof in the case of a new business, which calendar year is to be for the period commencing January 1 and ending December 31. All revenue derived under this chapter is to be used for defraying current, general, and incidental expenses of the city. The minimum fee of $50 shall be a credit on the license fee as otherwise provided in this chapter only for the tax year which such minimum fee covers and shall not be a credit for any subsequent year. Persons holding elected office or persons receiving compensation for service on a civic or non-profit board and/or commission or volunteer firefighters shall not be subject to the minimum $50 license, but shall be responsible for payment of the 0.65% occupational tax levied on the gross salary as reported on their income tax schedule C.
(J) The Director of Finance shall have the authority to extend the time for filing of any return required by this chapter or regulations thereunder at his or her discretion. Such extension shall be upon the written request of the licensee. Notwithstanding the granting of any extension of time for filing any required return, any balance unpaid when payment is due under the terms of this chapter shall bear interest at the rate as defined in KRS 131.010(6) until paid.
(Prior Code, § 110.18) (Ord. 220.23C, passed 6-11-2020)