ORDINANCE NO. _______, SERIES 2016
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AN ORDINANCE CREATING A NEW SECTION 110.05(P) OF THE LOUISVILLE METRO CODE OF ORDINANCES RELATING TO PAYMENT OF OCCUPATIONAL LICENSE TAX WITHHOLDINGS BY ELECTRONIC FUND TRANSFER, CREATING A NEW DEFINITION IN SECTION 110.01, AND CREATING A NEW PENALTY WITHIN SECTION 110.99 FOR ENFORCEMENT OF THE REQUIRED PAYMENT BY ELECTRONIC FUND TRANSFER.
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Sponsored By: Council Members Marianne Butler, Angela Leet
WHEREAS, the Council finds that requiring third party payroll reporting agents whose aggregate payment of occupational license taxes deducted and withheld on behalf of multiple employers exceeds $25,000.00 or who report and pay for more than 100 individual accounts to remit all payments by electronic fund transfer will facilitate the administration and collection of occupational license taxes in Louisville Metro; and
WHEREAS, the Council finds that a definition of "third party payroll reporting agent" is necessary to clarify those entities which are subject to such a requirement; and
WHEREAS, the Council finds that compliance and enforcement of the requirement to remit occupational license taxes deducted and withheld by electronic fund transfer will be enhanced by an appropriate penalty imposed upon non-compliance.
BE IT ORDAINED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE COUNCIL) AS FOLLOWS:
SECTION I: There is hereby enacted a new section of Chapter 110 of the Louisville Metro Code of Ordinances, as follows:
? 110.05(P) PAYMENTS TO BE MADE BY ELECTRONIC FUND TRANSFER.
(1) Third party payroll reporting agents whose aggregate payment of occupational license taxes deducted and withheld pursuant to ? 110.05(B) on behalf of multiple employers exceeds $25,000.00 or who report and pay for more than 100 individual accounts shall remit all payments by electronic fund transfer.
(2) The electronic fund transfer shall be made on or before the occupational license tax is due.
(3) The Revenue ...
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