KY SB76

Raises the population threshold from 300,000 to 500,000 for counties authorized to impose local occupational license fees and taxes on businesses, trades, occupations, and professions

Affects fiscal court authority to levy license fees up to 1.25% on salaries, wages, commissions, and net profits from activities conducted within the county

Similarly raises the population threshold from 300,000 to 500,000 for counties authorized to impose school taxes on businesses to support common schools

Counties meeting the higher threshold may increase school tax rates by 0.25% above the standard 0.5% maximum

Takes effect August 1, 2026