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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 -Repealed and reenacted 1990 Ky.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.
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