HomeMy WebLinkAbout2005-6-6987440
ORDINANCE NO. 2005-6-6987
AN ORDINANCE AMENDING SEC. 106-182, LICENSE FEE IMPOSED,
OF CHAPTER 106, TAXATION OF THE CODE OF ORDINANCES OF THE CITY OF
PADUCAH, KENTUCKY
WHEREAS, the City of Paducah adopted Ordinance No. 76-1-1217 which
increased the license fee for employees to 1'/2 percent; and
WHEREAS, the current tax revenues of the City are not adequate to fund
economic development, neighborhood redevelopment, and infrastructure capital
investments; and
WHEREAS, it is the intent of the Board of Commissioners to raise the
City's current employee license fee from 1 %Z percent to 2 percent for a term of three (3)
years and all revenues derived from the %2 percent increase in the employee license fee paid
to the City shall be segregated and deposited in the "Investment Fund; and
WHEREAS, it is the intent of the Board of Commissioners to consider a
reduction in real property tax at the setting of the annual tax levy in 2006.
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That Sec. 106-182, "License Fee Imposed" of Chapter 106,
"Taxation", of the Code of Ordinances of the City of Paducah, Kentucky, is hereby
amended to read as follows:
C"Sec. 106-182. License Fee Imposed.
a) There is hereby levied and imposed a license fee upon all persons engaged
in any occupation, trade or profession, as defined in section 106-181, in
the city, for the privilege of engaging in such occupation, trade or
profession, which license fee shall be measured by 4h -percent 2 percent of
the gross salaries, wages, commissions and other compensation earned by
such persons �and after- , 1, 1976.
b) This ordinance shall take effect on October 1 2005 provided however,
that the employee license fee of two percent herein shall by operation of
this ordinance alone be automatically reduced to 1 %z percent effective
October 1, 2008."
SECTION 2. This ordinance shall be read on two separate days and will
become effective upon summary publication pursuant to KRS Chapter 424.
ATTEST:
Tammara S. Brock, City Clerk
Introduced by the Board of Commissioners June 14, 2005
Adopted by the Board of Commissioners June 28, 2005
Recorded by Tammara S. Brock, City Clerk, June 28, 2005
Published by The Paducah Sun, July 7, 2005
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