Print Exemption Certificates. Occupational Tax/Business License On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. WebThe tax rate on business or enterprise profits earned in Caldwell County is presently 1.5% (effective July 1, 2014). Boone County Occupational Tax This form can be faxed to (270) 598-8914 or e-mailed to the address above. 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%. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. P.O. Tax Rates Occupational Tax Rates - Boone County, KY The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. %PDF-1.4 % This means an employee that was earning $59,485 pre-tax would take Promotional Rates were found for your code. Daviess County Treasury 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. Create a Website Account - Manage notification subscriptions, save form progress and more. 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. The Secretary of State maintains updated ordinances and forms as well as a spreadsheet of all occupational license tax rates by city and district. Every employer making payment of compensation to an employee must withhold the tax. 0000000835 00000 n Carroll County Fiscal Court The following tax rates for Boone and Kenton County, Kentucky, remain the Pursuant to KRS 67.766, occupational license tax forms for each Kentucky taxing district that imposes such a tax are now available online. 0000007299 00000 n The Finance Department provides instructions for filing occupational tax returns. WebThe maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. Click here for a larger sales tax map, or here for a sales tax table. Occupational Tax County WebProperty Taxes Per $100 Valuation Notes : Real Estate: Tangibles: Motor Vehicles : County : Russell: $0.3426: $0.4480: $0.3696 : City : Jamestown: $0.1810: $0.2830: $0.2550 : The ordinance does carry the force of law and imposes penalties and fines to persons who do not comply. 0000005761 00000 n This will insure that all eligible persons are in the database. We provide sales tax rate databases for businesses who manage their own sales taxes, and can also connect you with firms that can completely automate the sales tax calculation and filing process. The following tax rates for Boone and Kenton County, Kentucky, remain the Corporations pay Kentucky income tax on that portion of business income earned in Kentucky as determined by the states apportionment formula the UDITPA formula with adjustments. County Tax Status (Duty Station = DS Residence = R). Occupational Tax Administration - Simpson County Kentucky Forms. In his 2023 State of the Union address, President Joe Biden said he wants to "quadruple the tax on corporate stock buybacks to encourage long-term investments instead." Stock Buybacks: A Good Signal or a Waste of Money? Box 800, Georgetown KY 40324; Physical Address: 1000 West Main Street, Suite 8 (In The GMWSS Building) Kentucky has a flat income tax rate of 5%, a statewide sales tax of 6% and property taxes that average $1,382 annually. County Budgets/AUDITS Document Center. Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages. Finance. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. For clarification as to the proper tax rate from a previously ammended period, contact your tax preparer or the Henderson, in Henderson County, increased its tax rate to 1.49%, from 1.29%, an sc.marshall@logancountyky.gov Multiply the gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages. The fee became effective April 1, 2003 and is payable quarterly for the periods ending March 31, June 30, September 30 & December 31. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. Kentucky: Secretary of State - Fast Track Annual Elections Download from. Need an updated list of Kentucky sales tax rates for your business? 0000004047 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%. TAXES Henderson whereas the city accepts applications and payments on behalf of the county in conjunction with the citys occupational tax. Assistant Treasurer / Director of Finance. Occupational Tax TAXES 21-05, Kentucky County (Local) Income Tax Withholding 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. 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. 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. 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. Usage is subject to our Terms and Privacy Policy. 2068 0 obj <> endobj 2022 Commonwealth of Kentucky. KENTUCKY 0000003494 00000 n Box 826. Select the desired State from the map provided for the formula. Local Income Taxes by State: Local Income Tax Data This tax is levied and imposed on the earnings of a person, Email:. Do you have a comment or correction concerning this page? Kentucky Occupational Tax - Campbell County, Kentucky Download / View Document File. Kentucky Occupational License Association Business One-Stop Shop (B.O.S.S.) What's the deal with the stock buyback tax? 2023 SalesTaxHandbook. Taxes dbf@ a3 L2M. 0000008798 00000 n Occupational Tax. The employee tax rate for Kenton County remains at 0.7097 percent. County Box 236 Russellville, KY 42276. 0000005159 00000 n County KENTUCKY Tax The payroll tax is imposed on compensation earned for work performed in the county. The employee tax rate for Boone County remains at 0.8 percent. WebMadison County has a 1% Occupational tax for any work conducted outside the Richmond City Jurisdiction and Berea City Jurisdiction; in other words, the Madison County Jurisdiction is defined as areas outside either city limits. Table I is the state property tax rate. The following tax rates for Boone and Kenton County, Kentucky, remain the same: The employee tax rate for Boone County remains at 0.8 percent. <]/Prev 908265/XRefStm 1345>> The maximum annual tax for Kenton County has increased from $290.85 to $295.79. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. The Pendleton County Occupational Tax is a payroll tax withheld from those employees who work within Pendleton County and paid to the county. 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. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. Russell County - Team Kentucky | Cabinet for Economic The official website of Campbell County, Kentucky. 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. The occupational license tax shall be measured by 1% of: A. TAXES Who must register with the Clark County Tax Administration office? 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. Bonuses or salaries that exceed the limit are subject to FICA withholding. County Occupational Tax Download our Kentucky sales tax database! Overview of Kentucky Taxes. Occupational Licensing - Boone County, KY Kentucky Skip over navigation. The following tax rates for Boone and Kenton County, Kentucky, remains the same: The employee tax rate for Boone County remains at 0.8 percent. 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 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%. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. The county provides all the necessary forms required to remit this fee. 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. The maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. In the map of Kentucky above, the 120 counties in Kentucky are colorized based on the maximum sales tax rate that occurs within that county. We value your feedback! Tax & Incentives Tax Rates 2021 Occupational Tax; Planning & Zoning & Building Inspections; Opportunities & Bids; 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. 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 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. WebHB 277 of the 2012 Kentucky General Assembly established a process to phase in standardized forms for occupational license tax reporting. Fax: : 270-827-6002. Date of Record: 10/18/21 08:26. Cities or towns marked with an have a local city-level sales tax, potentially in addition to additional local government sales taxes. Michael G. Adams. Occupational Tax Any person who renders services to another person or business for compensation. WebCity Occupational Tax Rates City County 2018 Pop. Are Extensions Granted on Net Profit returns. Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%. The maximum annual tax for Kenton County will increase from $301.06 to $306.65. 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. WebOccupational tax is levied on salaries, wages, commissions and other compensation of individuals for activities performed or rendered in Boone County and on the Net Profits of 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. Occupational Tax. Table III provides the basic rate table, showing on a county basis all available local rates. Business & Occupational Licenses These .PDF documents have been created so that you can use them just as you would in a typewriter. 4 To whom does the occupational license fee apply? That rate ranks slightly below the national average. WebEmployers are responsible for withholding the occupational tax, filing quarterly tax returns, and timely remittance of tax to the Jeffersontown Revenue Department. 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%. Combined with the state sales tax, the highest sales tax rate in Kentucky is 9.75% in the city of Albany. 0000008011 00000 n WebDaviess County Treasury 212 St. Ann Street: Room 202 Owensboro, KY 42303 270-685-8424 Yes. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. We read every comment!