(A) A regulatory license fee is imposed on the gross receipts of sale of alcoholic beverages of each license issued by the City ABC Administrator. The license fee shall be six percent (6%) of gross sales of alcoholic beverages sold by the drink, by retail sales of packaged distilled spirits and wine, and by retail sales of packaged malt beverages.
(B) Payment of such regulatory fees shall be remitted to the City ABC Administrator, and shall accompany the tax returns approved for such use by the City Council. The fees shall be held in a separate account maintained for the purpose of fully reimbursing the city for any estimated costs of any policing, regulatory or administrative expenses related to the sale of alcoholic beverages in the city. The regulatory license fee shall be in addition to any other taxes, fees or licenses permitted by law; except that, a credit against a regulatory license fee in the city shall be allowed in an amount equal to any licenses or fees imposed by the city imposed by the city pursuant to KRS 243.070. These returns and payments are due no later than 30 days following the end of each quarter.
(C) Failure to pay such quarterly remittance within ten days of the due date constitutes a violation and subjects the licensee to suspension or revocation.
(D) Penalty for failure to file a return and pay quarterly remittance by the due date is 5% of the tax for each 90 days or fraction thereof. The total late filing penalty shall not exceed 25% of the tax; provided, however, that in no case shall the penalty be less than $10.
(E) Interest at the rate of 8% per annum will apply to any late payments.
