Every 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 maximum annual tax for Boone County will increase from $496.10 to $505.09. Tax_Rates_2004.pdf. The tax rate for business done inside the cities of Richmond or Berea is 2%. When filing your annual Net Profit License Fee Return, the information you report must match up with your federal tax return. There are no different rates if you work in different counties. 212 N. 2nd Street, STE 100, Deadline for applications is December 28 th by noon.. The Social Security maximum for … Historical tax rate books are provided by the Kentucky Department of Revenue and have been made available on their official website. 3. You may want to consult with an accountant or tax professional regarding your business taxes. Select the desired State from the map provided for the formula. In addition to obtaining an EIN, it is important for business owners to understand federal tax obligations. In Kentucky, a property is valued at 100% of fair market value, as of January 1 of each year. KY, You are not required to pay more than one jurisdiction for the same work/service (you would not, for example, pay a tax to Richmond and a tax to Madison County for the same work/service). The license fee is based on where the work is performed, not where you live. Taxes must be paid to the appropriate jurisdiction. You can click on any city or county for more details, including the nonresident income tax rate and tax forms. Divide the annual Kentucky County income tax withholding calculated in step 2 by the number of pay dates in the tax year to obtain the biweekly Kentucky County income tax withholding. To make things even more complicated, there are three tax jurisdictions in Madison county: Madison County, the City of Richmond, and the City of Berea. Commonwealth of Kentucky Montgomery County MENU Montgomery County About Us; Elected Officials . Doing business in Madison will require you to get a annual Business/Occupational License, which is a nice way of giving a tax a fancy title. KENTON COUNTY AND CITIES' KENTUCKY OCCUPATIONAL LICENSE FEE REFUND APPLICATION. In addition to the state income tax, many counties and cities in Kentucky levy what are called “occupational taxes.” In general, these taxes apply to wages, not to Kentucky taxable income. The Kentucky state sales tax rate is currently %. KENTON COUNTY FISCAL COURT 1840 Simon Kenton Way STE 5100 COVINGTON KY 41011 Phone (859) 392-1440 Fax (859)392-1459. New Business Checklist. The maximum taxable wage base for Kenton County will increase from $132,900 to $137,700. 212 Chestnut Street The addresses for each are as follows: Here are links for the form for each jurisdiction: Kentucky has a State sales tax of 6%. Some counties charge a tax, some don’t. Animal Control ... Rowan County Business Regulations. You will also have to pay the State of Kentucky tax on your business. Featured. 101 W Main Street The lower taxable wage base limit remains at $25,000. Every person or business entity in any business for profit and any person or business entity that is required to make a filing with the Internal Revenue Service or the Kentucky Revenue Cabinet shall be required to file and pay to the county an occupational license tax for the privilege of engaging in such activities within the county. Each county determines the property tax districts that will be in effect. Occupational tax is due 30 days after the end of each quarter. Overview; City of Camargo; City of Jeffersonville; City of Mt. Finance Department Menu. The maximum annual tax for Kenton County will increase from $289.54 to $290.85. The occupational tax formula for Boone and Kenton County, Kentucky, will include the following changes: 1. Pass through entities get hosed as well. Tax Rates 2021 Document Center Home | Log In. Learn More. The minimum combined 2021 sales tax rate for Harlan County, Kentucky is . 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. Instructions - Net Profits License Fee Return. KY, Richmond, View . Download / View Document File. Live; Play; Visit; Business; Government Start Content. The maximum annual tax for Boone County will increase from $496.10 to $505.09. Jan. LCOT Announces Launch of New Website. View. Monthly Payroll Withholding Form. Kentucky also imposes an alcoholic beverages tax on distilled spirits, wine, and malt beverages on a per-gallon rate; tax returns and payment are due by the 20th of each month (Kentucky … You will receive one filed stamped copy back, which you need to file at the county level of where you are doing business. Our Tax Administrator also acts as the receptionist for the Fiscal Court building. County Treasurer Freida Lancaster freidal@estillcounty.net Phone: (606) 723-7524 Fax: (606) 723-5471 Monday – Friday 8:00 a.m. to 4:00 p.m. Services Provided: Receiving and disbursing funds. Quarterly taxes must be filed, even if you have not conducted any business during that period. Here’s the basic rundown of taxes in Kentucky. The Internal Revenue Service (IRS) has a number of useful online resources to help in this area. Finance Department Welcome to the Campbell County Occupational License Office! Occupational Tax Forms. The NPLF Return is due on or before April 15 (for the calendar year) or within 105 days of the end of your fiscal year. Browse All | Home | By Type | By Department | By Topic. The occupational tax formula 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 defeat this week of a proposed six-percent Letcher County tax on certain insurance policies has given rise to consideration of a one-percent occupational tax on all employees who work inside the county, including those who already pay such a tax in the cities of Whitesburg and Jenkins. Richmond, Madison County urban government calls this a license. Welcome to the official website of Campbell County, Kentucky! (Consult local jurisdictions for further details.) Reconciliation 2020. Madison County Office 4% of taxable income for first $50,000 County and City Tax Rates. The Harlan County sales tax rate is %. 6% of taxable income for rest of income above $100,000. Taxpayer worked in a city outside the city or county as indicated in section 13 and not in Kenton County and Cities', Kentucky… You must send your taxes to the proper jurisdiction (the jurisdiction where the work/service occurred). That means there are no deductions, exemptions or credits applicable to these taxes. .190 Credit for payment of similar city tax. In Kentucky, most counties charge a business tax. The property values are determined by the Warren County Property Valuation Administrator. A Payroll (Occupational) Tax is imposed on all wages of those employees working within McCracken County but outside the city limits of Paducah at the rate of 1% of gross salaries, wages, commissions and other compensation for services performed in the county.