Renewing a License . 0000033672 00000 n Fax: : 270-827-6002. 0000001562 00000 n 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. Occupational Tax. Any person who renders services to another person or business for compensation. Sales and Use Tax. 0000007299 00000 n This means an employee that was earning $59,485 pre-tax would take Table II provides the average tax rates for Kentucky for 2022. Rate Change Effective October 1, 2017. The Net Profits License Fee tax rate is 1%. The Pendleton County Occupational Tax is a payroll tax withheld from those employees who work within Pendleton County and paid to the county. The maximum annual tax for Kenton County has increased from $290.85 to $295.79. County Tax Status (Duty Station = DS Residence = R). WebOccupational Tax Administrator Stacey Thrasher, County Treasurer. 0000001345 00000 n Web502-603-5860 | Fax: 502-642-5206 Mailing Address: P.O. County Budgets/AUDITS Document Center. 0000001722 00000 n 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%. 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 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. Owensboro, KY 42303 WebThe maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. 0000008683 00000 n 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%. All new employers should complete the registration form in the attachment below and return to us as soon as possible. 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). Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax <]/Prev 908265/XRefStm 1345>> dbf@ a3 L2M. The Finance Department administers the financial affairs of the Fiscal Court. Combined with the state sales tax, the highest sales tax rate in Kentucky is 9.75% in the city of Albany. The Finance Department provides instructions for filing occupational tax returns. Skip over navigation. On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. WebCity Occupational Tax Rates City County 2018 Pop. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. No minimum or maximum amount. Click on any city name for the applicable local sales tax rates. 2022 Commonwealth of Kentucky. Date of Record: 10/18/21 08:26. 4 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 Est. Kentucky has a flat income tax of 5%. Henderson, in Henderson County, increased its tax rate to 1.49%, from 1.29%, an 2 Maximum taxable wage base of $142,800 (maximum annual tax of $306.65) applies to the 0.7097 percent occupational tax. We value your feedback! Are Extensions Granted on Net Profit returns. %PDF-1.4 % Both the sales and property taxes are below 0000000016 00000 n Box 236 Russellville, KY 42276. KY (42701) Today. Select the desired State from the map provided for the formula. 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. Webthe tax rate set by the local taxing bodies plus all voted levies. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. 0000003494 00000 n Daviess County Treasury Save the blank forms to your computer, fill in the forms on the computer, and then print and Save AS with a descriptive name. The Inflation Reduction Act of 2022 introduced a 1% excise tax on stock buybacks, which came into effect at the beginning of 2023. hb```b`` The maximum annual tax for Kenton County will increase from $301.06 to $306.65. 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. 0000008798 00000 n Tax Rates 2021 Occupational Tax; Planning & Zoning & Building Inspections; Opportunities & Bids; In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. 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. Occupational Tax. The following tax rates for Boone and Kenton County, Kentucky, remain the All rights reserved. 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) 0000005761 00000 n Ordinance #220.99 was amended on December 28, 2004- Ordinance #220.107. 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. Michael G. Adams. After sales taxes, the tax wedge was 31.6 percent. Occupational Tax. 2023 SalesTaxHandbook. No exemptions. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. trailer 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. Need an updated list of Kentucky sales tax rates for your business? Who must register with the Clark County Tax Administration office? Weband are exempt from Net Profits License Fee Tax. Forms. 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. Bonuses or salaries that exceed the limit are subject to FICA withholding. FY 2020 Payroll Tax Rates FY 2020 Net Profits Tax Rates FY 2020 Gross Receipts Tax Rates Adairville Logan 875 1.50% 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." 0000005159 00000 n Campbell County, Kentucky Welcome to the official website of Campbell County, Kentucky! 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 This form can be faxed to (270) 598-8914 or e-mailed to the address above. The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. The lower taxable wage base limit remains at $25,000. xref 0000008011 00000 n 0 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. WebThe maximum rate is 7%; the minimum rate is 4%. 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. An Official Website of the Commonwealth of Kentucky. Finance. Print Exemption Certificates. 0000004545 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. Loading 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 Box 608 110 North Main Street Morgantown, KY 42261 . WebThe current Tax Rate is 1 percent (1%) of subject compensation. All rights reserved. The Secretary of State maintains updated ordinances and forms as well as a spreadsheet of all occupational license tax rates by city and district. Kentucky has a flat income tax rate of 5%, a statewide sales tax of 6% and property taxes that average $1,382 annually. The employee tax rate for Kenton County remains at 0.7097 percent. Skip to Main Content. 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. 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. (If you are unable to open Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages. The occupational license tax fee in Kenton County will not follow Consumer Price Index. Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%. %%EOF for the amount paid to the city against the occupational license tax of the county. There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. 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%. The maximum annual tax for Boone County will increase from $505.09 to$510.07. Community Calendar. The maximum annual tax for Kenton County will increase from $301.06 to $306.65. 600 Courthouse Square. 0000006712 00000 n Click here for a larger sales tax map, or here for a sales tax table. Divide the annual Kentucky County income tax withholding calculated in step 2by the number of pay dates in the tax year to obtain the biweekly Kentucky County income tax withholding. 2068 26 The following tax rates for Boone and Kenton County, Kentucky, remain the 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. For clarification as to the proper tax rate from a previously ammended period, contact your tax preparer or the 0000000835 00000 n Table I is the state property tax rate. WebKentucky Secretary of StateMichael G. Adams. 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. 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 : Download / View Document File. 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. Download our Kentucky sales tax database! Promotional Rates were found for your code. Download from. Yes. We read every comment! WebThe tax rate on business or enterprise profits earned in Caldwell County is presently 1.5% (effective July 1, 2014). WebCounty Budget; OpenGov Finance Tool; Invoice Report; Voter Registration; Elections; Boone County Tax Rates; Current Bid Solicitations; 911 Public Safety Communications Dwelling 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. Structure. WebCounty Occupational Tax Welcome Page; Ordinance; Ordinance Amendment; KY 42420. The following is for general information purposes only and does not constitute tax or legal advise. and Taylor County/Campbellsville. Do you have a comment or correction concerning this page? Maximum taxable wage base of $16,666 (maximum annual tax of $25) applies to the 0.15 percent Senior Citizen and Mental Health Tax. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. 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. and allows local governments to collect a local option sales tax of up to N/A.