kentucky occupational tax rates by county

0000027375 00000 n WebCity Occupational Tax Rates City County 2018 Pop. Occupational Tax. This means an employee that was earning $59,485 pre-tax would take This means an employee that was earning $59,485 pre-tax would take home $41,889 before consumption tax es reduced the real value of that income. Print Exemption Certificates. The maximum taxable wage base for Boone County will increase from $63,136 to $63,758. The maximum annual tax for Kenton County will increase from $301.06 to$306.65. The official website of Campbell County, Kentucky. 0000001345 00000 n The following tax rates for Boone and Kenton County, Kentucky, remain the Tax Increment Financing (TIF) is an economic development tool to use future gains in taxes to finance the current public infrastructure improvements for development that will create those gains. Quarterly Payroll Withholding Schedule is as follows: Quarter-End: March 31st.Return Due: April 30th, Quarter-End: June 30th.. Return Due: July 31st, Quarter-End: Sept. 30th..Return Due: Oct. 31st, Quarter-End: Dec. 31stReturn Due: Jan. 31st, A refund or credit can be made to the employer within two years from the date the overpayment was made. Est. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax Phone: (270) 526-3433 Fax: (270) 526-5001 Email: skeown@butlercoky.com Hours: Monday - Friday 8 am - 4 pm The Butler County Occupational Tax Office is located WebLogan County Courthouse 200 West Fourth Street P.O. The Finance Department administers the financial affairs of the Fiscal Court. Phone: : 270-631-7244. Loading Webordinance 220.204 amending ordinance 220.129 to modify the occupational tax rate effective 7/1/19 to 1.0% and remove section 3, paragraph 3(g) referencing the federal fica 0000008011 00000 n On June 4th, 2019, Fiscal Court approved an occupational tax rate change from .75% to 1% and also removed the FICA cap effective 7/1/19.ORDINANCE 220.204 AMENDING ORDINANCE 220.129 TO MODIFY THE OCCUPATIONAL TAX RATE EFFECTIVE 7/1/19 TO 1.0% AND REMOVE SECTION 3, PARAGRAPH 3(g) REFERENCING THE FEDERAL FICA WITHHOLDING IN SIMPSON COUNTY, KENTUCKY. 0000002637 00000 n Sales and Use Tax. ALL WAGES, BONUSES, SALARIES OR INCENTIVE PAYMENTS WILL BE SUBJECT TO THE TAX RATE 1.0% EFFECTIVE 7/1/19. Kentucky has a flat income tax rate of 5%, a statewide sales tax of 6% and property taxes that average $1,382 annually. 2068 0 obj <> endobj 0000002524 00000 n This form can be faxed to (270) 598-8914 or e-mailed to the address above. Select the desired State from the map provided for the formula. In his State of the Union address, Biden said he wants to bump that tax to 4%. trailer %PDF-1.4 % Bonuses or salaries that exceed the limit are subject to FICA withholding. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. Install this application on your home screen for quick and easy access when youre on the go. County Tax Status (Duty Station = DS Residence = R). The occupational license tax fee in Kenton County will be measured by 0.9097% of the amount of all wages and compensation paid in the county for work done or services performed by every resident and nonresident who is an employee. 2093 0 obj <>stream 0 and Taylor County/Campbellsville. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. dbf@ a3 L2M. WebP.O. The rate is: (1) 2.25% of each individuals gross wages, salaries, commissions and other compensation (including deferred compensation and employee This fee is assessed on all gross wages, salaries, commissions or other compensation earned by an employee for work performed or services rendered in Simpson County. The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. 0000047340 00000 n The payroll tax rates remain 0.7097 percent on wages up to $25,000 and 0.1097 percent on wages greater than $25,000 and up to the Old-Age, Survivors, and Disability Insurance (OASDI) wage maximum of $142,800. Let us know in a single click. WebCarrollton, KY 41008 Phone: (502) 732-7003 Fax: (502) 732-7023 tcourtney@carrollcountygov.us: to file and pay to the county an occupational license tax for the privilege of engaging in such activities within the county. To learn more, see a full list of taxable and tax-exempt items in Kentucky . Taxable including but not limited to residential and commercial cleaning services, and carpet, upholstery, and window-cleaning services. Labor and services for certain repair, installation and maintenance of personal property, such as cars is taxable. Kentucky has a flat income tax of 5%. Usage is subject to our Terms and Privacy Policy. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. Sales Tax Calculator | a percentage of gross earnings (payroll) on all persons working within the city or on gross receipts or net profits on all businesses within a city. 0000051761 00000 n Box 800, Georgetown KY 40324; Physical Address: 1000 West Main Street, Suite 8 (In The GMWSS Building) download a Kentucky sales tax rate database. Ordinance #220.99 was amended on December 28, 2004- Ordinance #220.107. Multiply the gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages. Occupational Tax. Web502-603-5860 | Fax: 502-642-5206 Mailing Address: P.O. Occupational Ordinance Amendment 2007-30 (PDF), Occupational Ordinance Amendment 91-17 (PDF), Occupational Ordinance Amendment 97-15 (PDF). %%EOF Table II provides the average tax rates for Kentucky for 2022. We read every comment! Net Profit Returns . In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. Pursuant to Ordinance Number 1894 (PDF) Fiscal Year 2017: Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%. WebThe maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. Directory. Click here to get more information. All new employers should complete the registration form in the attachment below and return to us as soon as possible. 0000004545 00000 n Any person who renders services to another person or business for compensation. The income tax withholding for Boone and Kenton County, Kentucky, includes the following changes: The following tax rates for Boone and Kenton County, Kentucky, remain the same: No action on the part of the employee or the personnel office is necessary. The Finance Department provides instructions for filing occupational tax returns. Box 128 Calhoun, KY 42327 (270) 273-9170 - Phone OCC TAX ORDINANCE 20.220-7.pdf Occ tax amendment.pdf Tax Forms: Who Must Pay.pdf QUARTERLY WITHHOLDING TAX FORM.pdf MC Net Profit 0000041550 00000 n (Consult local jurisdictions for further details.) The following tax rates for Boone and Kenton County, Kentucky, remain the Henderson whereas the city accepts applications and payments on behalf of the county in conjunction with the citys occupational tax. Both the sales and property taxes are below 0000007299 00000 n Need an updated list of Kentucky sales tax rates for your business? The maximum annual tax for Kenton County will increase from $301.06 to $306.65. Owensboro, KY 42303 Tax Rates 2021 Occupational Tax; Planning & Zoning & Building Inspections; Opportunities & Bids; Select the occupational tax district below. (The averages are shown for informational purposes only.) Your check should be made payable to the Pendleton County General Fund at 233 Main Street, 2nd Floor, Falmouth, KY, 41040. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. WebEmployers are responsible for withholding the occupational tax, filing quarterly tax returns, and timely remittance of tax to the Jeffersontown Revenue Department. The payroll tax is imposed on compensation earned for work performed in the county. At the same time, cities and counties may impose their own occupational taxes directly on wages, bringing the total tax rates in some areas to up to 8.75%. Structure. sc.marshall@logancountyky.gov Tax Rates 2022. Email:. This means an employee that was earning $59,485 pre-tax would take home $41,889 before consumption tax es reduced the real value of that income. WebOver the years, the State real property tax rate has declined from 31.5 cents per $100 of assessed valuation to 12.2 cents due to this statutory provision. 2022 Commonwealth of Kentucky. WebCCFC Monthly Quarterly Return (PDF) Clark County Net Profit Return (PDF) Employee Refund Request (PDF) Occupational License Application (PDF) Occupational Ordinance 86-2 (PDF) Occupational Ordinance Amendment 2007-30 (PDF) Occupational Ordinance Amendment 91-17 (PDF) Occupational Ordinance Amendment 97-15 (PDF) Reconciliation Form (PDF) Occupational Tax Registration FormOccupational Tax Request to Close Acct.pdf, Occupational Tax CouponOccupational Tax Reconciliation Form, Michelle HendersonOccupational Tax AdministratorEmail Michelle Henderson, Physical Address100 Courthouse SqFranklin, KY 42134, Mailing AddressPO Box 242Franklin, KY 42135-0242, Copyright 2020 - Simpson County Kentucky, Occupational Tax Request to Close Acct.pdf. 0000000835 00000 n Kentucky collects a state corporate income tax at a maximum marginal tax rate of 6.000%, spread across three tax brackets. Kentucky's maximum marginal corporate income tax rate is the 10th lowest in the United States, ranking directly below Missouri's 6.250%. Campbell County, Kentucky Welcome to the official website of Campbell County, Kentucky! There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. Counties marked with a in the list below have a county-level sales tax. Yes. The maximum annual tax for Boone County will increase from $505.09 to$510.07. The maximum annual tax for Kenton County has increased from $290.85 to $295.79. The following is for general information purposes only and does not constitute tax or legal advise. Table III provides the basic rate table, showing on a county basis all available local rates. Michael G. Adams. Forms. You can also download a Kentucky sales tax rate database. Weband are exempt from Net Profits License Fee Tax. Click here for a larger sales tax map, or here for a sales tax table. The County Treasurer is the financial officer of Daviess County and is responsible for fulfilling requirements set out by KRS 68.210, 68.020, 68.360 and the Uniform System of Accounts for Kentucky Counties. No exemptions. Webthe tax rate set by the local taxing bodies plus all voted levies. No minimum or maximum amount. Skip to Main Content. The employee tax rate for Boone County remains at 0.8 percent. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. 0000005676 00000 n WebEvery person, association, corporation, or other business entity engaging in an occupation, business, trade, or profession is required to file and pay occupational license tax. Table I is the state property tax rate. The Lexington-Fayette Urban County Government Charter provides that the 2.25% occupational license fee applies to all individuals, employers and businesses in Fayette County. For clarification as to the proper tax rate from a previously ammended period, contact your tax preparer or the WebOccupational Tax Administrator Stacey Thrasher, County Treasurer. The fee is due on or before the last day of the month following the period end. The ordinance does carry the force of law and imposes penalties and fines to persons who do not comply. WebCounty Occupational Tax Welcome Page; Ordinance; Ordinance Amendment; KY 42420. Community Calendar. xref Do you have a comment or correction concerning this page? Both sales and property taxes are below the national average. 0000005159 00000 n FY 2020 Payroll Tax Rates FY 2020 Net Profits Tax Rates FY 2020 Gross Receipts Tax Rates Adairville Logan 875 1.50% This will insure that all eligible persons are in the database. The tax collected will assist the community including, but not limited to, ambulance service, fire protection, police protection, animal control, senior services, mandatory jail, capital improvements, parks and recreation services. For questions about NFC processing, authorized Servicing Personnel Office representatives should contact the NFC Contact Center at 1-855-NFC-4GOV (1-855-632-4468) or via the customer service portal. WebOccupational Tax Administrator Occupational Tax Administrator McLean County License Fee Administrator Jenny Baldwin jbaldwin@mcleanky.com P.O. hb```b`` 0000008798 00000 n WebThe current Tax Rate is 1 percent (1%) of subject compensation. Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages. WebEvery person and business entity engaged in any business for profit (including any person or business entity that is required to make a filing with the IRS or the Kentucky Revenue Cabinet) is required to file and pay an occupational license fee to the County. For the complete text of the Ordinance and Amendment, please click on the links below. Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. The fee became effective April 1, 2003 and is payable quarterly for the periods ending March 31, June 30, September 30 & December 31. The Net Profits License Fee tax rate is 1%. WebCounty Budget; OpenGov Finance Tool; Invoice Report; Voter Registration; Elections; Boone County Tax Rates; Current Bid Solicitations; 911 Public Safety Communications Dwelling Unit Service Fee; Boone County Transportation Plan; Partner Agencies. Employers may be subject to a Penalty of 5% of the tax due for each calendar month, not to exceed 25% of the total tax due and not less than $25.00, plus Interest of 12%. The maximum annual tax for Kenton County will increase from $301.06 to $306.65. 0000033672 00000 n All rights reserved. 0000001562 00000 n Download our Kentucky sales tax database! Are Extensions Granted on Net Profit returns. To view the updated tax formula, go to the HR and Payroll Clients page from the MyNFC drop-down menu on the National Finance Center (NFC) Home page. WebCounty Budget; OpenGov Finance Tool; Invoice Report; Voter Registration; Elections; Boone County Tax Rates; Current Bid Solicitations; 911 Public Safety Communications Dwelling SalesTaxHandbook is a free public resource site, and is not affiliated with the United States government or any Government agency, Sales Tax Handbooks By State | Fax: : 270-827-6002. While the federal income tax and the Kentucky income tax are progressive income taxes with multiple tax brackets, all local income taxes are flat-rate taxes which are the same for every taxpayer regardless of income. After sales taxes, the tax wedge was 31.6 percent. 0000003494 00000 n The Inflation Reduction Act of 2022 introduced a 1% excise tax on stock buybacks, which came into effect at the beginning of 2023. Save the blank forms to your computer, fill in the forms on the computer, and then print and Save AS with a descriptive name. Skip over navigation. 0000008683 00000 n Daviess County Treasury County Budgets/AUDITS Document Center. WebA state sales tax is levied at the rate of 6% on the purchase or lease price of taxable goods and on utility services. 600 Courthouse Square. (If you are unable to open 2 Maximum taxable wage base of $142,800 (maximum annual tax of $306.65) applies to the 0.7097 percent occupational tax. Every person or business who renders services to another person or business for compensation is required to register by completing a questionnaire for a Pendleton County Occupational Tax Account. 2023 SalesTaxHandbook. Box 826. Visit; Business; Government Start Content. To whom does the occupational license fee apply? 0000006712 00000 n The occupational license tax fee in Kenton County will not follow Consumer Price Index. 0000006170 00000 n On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. The occupational license tax shall be measured by 1% of: A. This years special release bourbon bottle features the image of Secretariat in honor of the 50th anniversary of his 1973 win. WebDaviess County Treasury 212 St. Ann Street: Room 202 Owensboro, KY 42303 270-685-8424 Overview of Kentucky Taxes. WebThe County occupational tax rate will remain at the current rate of 1% for 2018, for both payroll and net profits. Web2023 List of Kentucky Local Sales Tax Rates Lowest sales tax (6%) Highest sales tax (9.5%) Kentucky Sales Tax: 6% Average Sales Tax (With Local): 6.003% Kentucky has state sales tax of 6% , and allows local governments to collect a local option sales tax of up to N/A. What's the deal with the stock buyback tax? Occupational Tax. 1 Maximum taxable wage base of $63,758 (maximum annual tax of $510.07) applies to the 0.8 percent occupational tax. Webdoing business in Kentucky, or subject to the jurisdiction of Kentucky in any manner, and making payment of wages subject All Kentucky wage earners are taxed at a flat 5% tax rate with a standard deduction allowance annually adjusted by the Department of Revenue in accordance with KRS 141.081(2)(a). This tax is levied and imposed on the earnings of a person,