HB495

Kentucky HB495 regulates occupational license fees for businesses with corporate offices in the state.

Kentucky HB495 establishes rules for occupational license fees for businesses with corporate offices in the state. It defines terms such as "incentive agreement" and "corporate office" and outlines procedures for refund claims. The bill specifies how wages are apportioned for tax purposes and mandates that local governments establish procedures for reviewing refund claims. It also details how refunds are processed and how local governments can seek reimbursement from businesses for incentive payments made prior to issuing refunds.