160.605 Occupational tax -- Exemptions. - Kentucky Statutes

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160.605 Occupational tax -- Exemptions. There is hereby authorized the levy of an occupational license tax for schools on salaries,
wages, commissions, and other compensation of individuals for work done and services
performed or rendered in a county and on the net profits of all businesses, professions, or
occupations from activities conducted in a county. No public service company which pays
an ad valorem tax is required to pay an occupational license tax for schools. No
occupational license tax for schools shall be imposed upon or collected from any
insurance company, bank, trust company, combined bank and trust company, combined
trust, banking and title business in this state, any savings and loan association whether
state or federally chartered, or upon income received by members of the Kentucky
National Guard for active duty training, unit training assemblies, and annual field
training, or upon income received by precinct workers for election training or work at
election booths in state, county, and local primary, regular, or special election. Effective: July 15, 1998
History: Amended 1998 Ky. Acts ch. 509, sec. 7, effective July 15, 1998. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 459, effective July 13, 1990. --
Amended 1976 Ky. Acts ch. 104, sec. 3; and ch. 301, sec. 8. -- Created 1966 Ky.
Acts ch. 24, Part III, sec. 6.