HomeMy WebLinkAbout99-11-6138ORDINANCE NO. 99-11- 6/,3Y
AN ORDINANCE AMENDING SECTION 142, "PERSONAL
PROPERTY LESSORS", OF CHAPTER 106, "TAXATION" OF THE CODE OF
ORDINANCES OF THE CITY OF PADUCAH, KENTUCKY
BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. That Section 142, "Personal Property Lessors", of Chapter
106, "Taxation" of the Code of Ordinances of the City of Paducah, Kentucky, is hereby
amended as follows:
"Sec. 106-142. Personal and Real Property Lessors.
A. Any person owning or holding title to personal property and engaging in
the business of leasing or renting such property to other persons shall pay an annual
license tax under Schedule D of Section 106-101; provided, however, that the minimum
annual license tax of such person shall be $120.00. Gross rentals received from such
personal property shall be gross receipts within the meaning of this article.
B. Any person owning or holding title to real property and engaging
in the business of leasing or renting such property to other persons shall pay an
annual license tax under Schedule D of section 106-101, provided, however, that the
minimum annual license tax of such person shall be $37.50. Gross rentals received
from such real property shall be gross receipts within the meaning of this article."
SECTION 2. This ordinance shall become effective on January 1, 2000.
SECTION 3. This ordinance shall be read on two separate days and will
be published in full pursuant to KRS Chapter 424.
or
ATTEST:
Lenita Smith, City Clerk
Introduced by the Board of Commissioners November 9, 1999
Adopted by the Board of Commissioners November /� , 1999
` Recorded by Lenita Smith, CityClqk November /6 , 1999
Published by The Paducah Sun, ` 9& !R qq
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