Summary of Original Version

Create new sections of KRS Chapter 41 to define "occupational license fee" and "system"; require the Office of the State Treasurer to develop and maintain a web-based system for the centralized reporting, collection, and distribution of occupational license fees; establish requirements for the system; allow the State Treasurer to assess a fee on businesses using the system; establish requirements related to the web-based system for the State Treasurer and local taxing jurisdictions; create a working group to be chaired by the State Treasurer; require the working group to provide recommendations on creating a centralized system for modernizing the reporting, collection, and distribution of local business taxes and fees.