No minimum or maximum amount. 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. 2022 Commonwealth of Kentucky. The maximum taxable wage base for Boone County will increase from $63,136 to $63,758. WebThe association is dedicated to the needs, issues, and challenges pertaining to occupational license tax in Kentucky. Phone: : 270-631-7244. 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 | Renewing a License . Click on any city name for the applicable local sales tax rates. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. 0000008798 00000 n This years special release bourbon bottle features the image of Secretariat in honor of the 50th anniversary of his 1973 win. For the complete text of the Ordinance and Amendment, please click on the links below. Download our Kentucky sales tax database! WebOccupational Tax Administrator Stacey Thrasher, County Treasurer. 0000007299 00000 n for the amount paid to the city against the occupational license tax of the county. 1 Maximum taxable wage base of $63,758 (maximum annual tax of $510.07) applies to the 0.8 percent occupational tax. Michael G. Adams. Assistant Treasurer / Director of Finance. Box 826. Kentucky has state sales tax of 6%, WebP.O. 0000001345 00000 n WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. What's the deal with the stock buyback tax? WebThe tax rate on business or enterprise profits earned in Caldwell County is presently 1.5% (effective July 1, 2014). Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. (If you are unable to open WebThe County occupational tax rate will remain at the current rate of 1% for 2018, for both payroll and net profits. Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages. %%EOF Any person who renders services to another person or business for compensation. The business license shall be renewed annually at a cost of $75.00 per license by any person or business entity conducting business within the county. Kentucky has a flat income tax rate of 5%, a statewide sales tax of 6% and property taxes that average $1,382 annually. It is responsible for budget compliance, reporting financial information, processing of all financial transactions, investment policy and providing analytical data to the Fiscal Court with recommendations regarding financial decisions. Table I is the state property tax rate. The payroll tax is imposed on compensation earned for work performed in the county. Structure. 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. and allows local governments to collect a local option sales tax of up to N/A. For clarification as to the proper tax rate from a previously ammended period, contact your tax preparer or the The maximum annual tax for Kenton County will increase from $301.06 to $306.65. Campbell County, Kentucky Welcome to the official website of Campbell County, Kentucky! Box 608 110 North Main Street Morgantown, KY 42261 . Email:. Do you have a comment or correction concerning this page? Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax 0000001562 00000 n Owensboro, KY 42303 The occupational license tax fee in Kenton County will not follow Consumer Price Index. Occupational Tax. 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. Every employer making payment of compensation to an employee must withhold the tax. The following is for general information purposes only and does not constitute tax or legal advise. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. Select the occupational tax district below. 0000027375 00000 n Table III provides the basic rate table, showing on a county basis all available local rates. 2068 26 Tax Rates 2022. 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). Who must register with the Clark County Tax Administration office? The employee tax rate for Kenton County remains at 0.7097 percent. 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. Published: January 13, 2021Effective: Pay Period 26, 2020. The employee tax rate for Boone County remains at 0.8 percent. The rate is: (1) 2.25% of each individuals gross wages, salaries, commissions and other compensation (including deferred compensation and employee 0000005676 00000 n WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. Bonuses or salaries that exceed the limit are subject to FICA withholding. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. 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. 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) WebThe maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. 0000001722 00000 n 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. Are Extensions Granted on Net Profit returns. Your check should be made payable to the Pendleton County General Fund at 233 Main Street, 2nd Floor, Falmouth, KY, 41040. Yes. The Kentucky Business Guide has been developed by the, Kentucky Cabinet for Economic Development, Start a Small Business in Pendleton County. An employee who has compensation attributable to activities performed outside the county may file for a refund by completing a, Small businesses are vital to Kentucky's economy and a variety of services and programs exist to assist small business. Counties marked with a in the list below have a county-level sales tax. and Taylor County/Campbellsville. 0000002524 00000 n On March 17, 2003 The Simpson County Fiscal Court enacted Ordinance #220.99 creating a .75% payroll tax on all persons engaged in employment in Simpson County. The maximum annual tax for Kenton County will increase from $306.65 to $311.26. Kentucky Occupational License Association Business One-Stop Shop (B.O.S.S.) 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 following tax rates for Boone and Kenton County, Kentucky, remains the same: The employee tax rate for Boone County remains at 0.8 percent. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. Download from. ALL WAGES, BONUSES, SALARIES OR INCENTIVE PAYMENTS WILL BE SUBJECT TO THE TAX RATE 1.0% EFFECTIVE 7/1/19. Visit; Business; Government Start Content. Promotional Rates were found for your code. trailer This form can be faxed to (270) 598-8914 or e-mailed to the address above. download a Kentucky sales tax rate database. The maximum annual tax for Kenton County will increase from $301.06 to$306.65. The following tax rates for Boone and Kenton County, Kentucky, remain the This years special release bourbon bottle features the image of Secretariat in honor of the 50th anniversary of his 1973 win. Occupational Tax. Save the blank forms to your computer, fill in the forms on the computer, and then print and Save AS with a descriptive name. %PDF-1.4 % Whether enacted by a city, county, or school board; whether 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." 0 Create a Website Account - Manage notification subscriptions, save form progress and more. 0000006170 00000 n 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. Henderson whereas the city accepts applications and payments on behalf of the county in conjunction with the citys occupational tax. 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. County Budgets/AUDITS Document Center. Webthe tax rate set by the local taxing bodies plus all voted levies. After sales taxes, the tax wedge was 31.6 percent. 0000000835 00000 n 0000041550 00000 n (The averages are shown for informational purposes only.) P.O. sc.marshall@logancountyky.gov WebThe maximum rate is 7%; the minimum rate is 4%. 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. 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. 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. Combined with the state sales tax, the highest sales tax rate in Kentucky is 9.75% in the city of Albany. 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 : 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 Print Exemption Certificates. 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. <]/Prev 908265/XRefStm 1345>> 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. The official website of Campbell County, Kentucky. Need an updated list of Kentucky sales tax rates for your business? WebKentucky Secretary of StateMichael G. Adams. 2023 SalesTaxHandbook. 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%. You can also download a Kentucky sales tax rate database. 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. Tax Rates 2021 Occupational Tax; Planning & Zoning & Building Inspections; Opportunities & Bids; The maximum annual tax for Kenton County has increased from $290.85 to $295.79. Web502-603-5860 | Fax: 502-642-5206 Mailing Address: P.O. Daviess County Treasury 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 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%. WebOccupational Tax Administrator Occupational Tax Administrator McLean County License Fee Administrator Jenny Baldwin jbaldwin@mcleanky.com P.O. 0000060858 00000 n All rights reserved. 0000008683 00000 n Overview of Kentucky Taxes. 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. Finance. 0000004047 00000 n 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. (Consult local jurisdictions for further details.) Fax: : 270-827-6002. 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 will insure that all eligible persons are in the database. In his State of the Union address, Biden said he wants to bump that tax to 4%. WebThe current Tax Rate is 1 percent (1%) of subject compensation. 0000033672 00000 n This tax is levied and imposed on the earnings of a person, Both the sales and property taxes are below The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%. These .PDF documents have been created so that you can use them just as you would in a typewriter. - Manage notification subscriptions, save form progress and more. On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. The maximum annual tax for Boone County will increase from $505.09 to$510.07. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. 0000047340 00000 n KY (42701) Today. This rate is set annually In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. Box 800, Georgetown KY 40324; Physical Address: 1000 West Main Street, Suite 8 (In The GMWSS Building) 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. 2 Maximum taxable wage base of $142,800 (maximum annual tax of $306.65) applies to the 0.7097 percent occupational tax. hb```b`` 0000004545 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. 0000005761 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. The Pendleton County Occupational Tax is a payroll tax withheld from those employees who work within Pendleton County and paid to the county. 0000003494 00000 n Kentucky has a flat income tax of 5%. Simplify Kentucky sales tax compliance! 2093 0 obj <>stream 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. WebDaviess County Treasury 212 St. Ann Street: Room 202 Owensboro, KY 42303 270-685-8424 The ordinance does carry the force of law and imposes penalties and fines to persons who do not comply. There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. 0000006712 00000 n Let us know in a single click. 0000002637 00000 n Multiply the gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages. 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 The occupational license tax shall be measured by 1% of: A. Est. To determine the annual Kentucky County income tax withholding, multiply the gross annual wages by the appropriate county income tax percentage in the table below. Download / View Document File. Occupational Tax. 600 Courthouse Square. Community Calendar. Loading The Finance Department provides instructions for filing occupational tax returns. Table II provides the average tax rates for Kentucky for 2022. Net Profit Returns . 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. Sales and Use Tax. Kentucky's individual income tax law is based on the Internal Revenue Code in effect as of December 31, 2018. The tax rate is five (5) percent and allows itemized deductions and certain income reducing deductions as defined in KRS 141.019 . A full-year resident of Kentucky files Form 740 and a person who moves into or out of Kentucky during the This means an employee that was earning $59,485 pre-tax would take Select the desired State from the map provided for the formula. To whom does the occupational license fee apply? Skip over navigation. WebLogan County Courthouse 200 West Fourth Street P.O. Maximum taxable wage base of $16,666 (maximum annual tax of $25) applies to the 0.15 percent Senior Citizen and Mental Health Tax. 0000007387 00000 n 0000051761 00000 n 2068 0 obj <> endobj startxref Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. 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. 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. All rights reserved. Both sales and property taxes are below the national average.
