[email protected] TAXES On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. 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. No minimum or maximum amount. Table II provides the average tax rates for Kentucky for 2022. The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. Occupational license fees rates WebThe maximum rate is 7%; the minimum rate is 4%. The maximum annual tax for Kenton County will increase from $301.06 to $306.65. Occupational Tax Administration The following tax rates for Boone and Kenton County, Kentucky, remain the 0000008798 00000 n County Ordinance #220.99 was amended on December 28, 2004- Ordinance #220.107. Both the sales and property taxes are below Select the occupational tax district below. 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. 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. The occupational license tax fee in Kenton County will not follow Consumer Price Index. Russell County - Team Kentucky | Cabinet for Economic Occupational Tax/Business License The maximum annual tax for Kenton County will increase from $306.65 to $311.26. 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. The Net Profits License Fee tax rate is 1%. 0000005676 00000 n Phone: : 270-631-7244. Campbell County, Kentucky Welcome to the official website of Campbell County, Kentucky! After sales taxes, the tax wedge was 31.6 percent. After sales taxes, the tax wedge was 31.6 percent. County Tax & Incentives To whom does the occupational license fee apply? Occupational Ordinance Amendment 2007-30 (PDF), Occupational Ordinance Amendment 91-17 (PDF), Occupational Ordinance Amendment 97-15 (PDF). The fee became effective April 1, 2003 and is payable quarterly for the periods ending March 31, June 30, September 30 & December 31. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. Are Extensions Granted on Net Profit returns. 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. 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. 0000001722 00000 n Occupational Tax Stock Buybacks: A Good Signal or a Waste of Money? 0000002637 00000 n Occupational Tax - Campbell County, Kentucky Light rain earlythen remaining cloudy with showers and windy conditions developing overnight. 0000005159 00000 n Occupational Tax 2022 Commonwealth of Kentucky. Box 236 Russellville, KY 42276. Simplify Kentucky sales tax compliance! Select the desired State from the map provided for the formula. Daviess County Treasury Kentucky 2068 26 Kentucky Income Tax Calculator - SmartAsset Every employer making payment of compensation to an employee must withhold the tax. 0000008683 00000 n Box 800, Georgetown KY 40324; Physical Address: 1000 West Main Street, Suite 8 (In The GMWSS Building) Download from. The Finance Department provides instructions for filing occupational tax returns. Cities or towns marked with an have a local city-level sales tax, potentially in addition to additional local government sales taxes. KENTUCKY Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. City Occupational Tax Rates - Kentucky League of Henderson whereas the city accepts applications and payments on behalf of the county in conjunction with the citys occupational tax. The employee tax rate for Boone County remains at 0.8 percent. 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. 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 We value your feedback! 0000007299 00000 n 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. 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. 0000006170 00000 n KY (42701) Today. Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. 2093 0 obj <>stream Published: January 13, 2021Effective: Pay Period 26, 2020. 0000041550 00000 n 0000000835 00000 n 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. Skip over navigation. WebOccupational Tax Administrator Stacey Thrasher, County Treasurer. The maximum annual tax for Kenton County has increased from $290.85 to $295.79. %%EOF This form can be faxed to (270) 598-8914 or e-mailed to the address above. No exemptions. 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. Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax 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. 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. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 [email protected]. For the complete text of the Ordinance and Amendment, please click on the links below. The employee tax rate for Kenton County remains at 0.7097 percent. The following is for general information purposes only and does not constitute tax or legal advise. Occupational Tax. Fax: : 270-827-6002. (If you are unable to open Kentucky has a flat income tax of 5%. Occupational tax rates increased for two Kentucky cities, effective Jan. 1, 2020. Telephone: 270-726-4667 Fax: 270-726-4668. 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. Occupational Licensing - Boone County, KY Box 826. WebThe County occupational tax rate will remain at the current rate of 1% for 2018, for both payroll and net profits. WebCarrollton, KY 41008 Phone: (502) 732-7003 Fax: (502) 732-7023 [email protected]: to file and pay to the county an occupational license tax for the privilege of engaging in such activities within the county. 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 Need an updated list of Kentucky sales tax rates for your business? Local Income Taxes by State: Local Income Tax Data All rights reserved. 1 Maximum taxable wage base of $63,758 (maximum annual tax of $510.07) applies to the 0.8 percent occupational tax. Tax Rates TAXES 21-05, Kentucky County (Local) Income Tax Withholding Business & Occupational Licenses The fee is due on or before the last day of the month following the period end. 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. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. WebThe current Tax Rate is 1 percent (1%) of subject compensation. Combined with the state sales tax, the highest sales tax rate in Kentucky is 9.75% in the city of Albany. Click here for a larger sales tax map, or here for a sales tax table. Tax 0000033672 00000 n download a Kentucky sales tax rate database. County Tax Status (Duty Station = DS Residence = R). WebThe tax rate on business or enterprise profits earned in Caldwell County is presently 1.5% (effective July 1, 2014). Boone County Kentucky The official website of Campbell County, Kentucky. 0000004047 00000 n hb```b`` - Manage notification subscriptions, save form progress and more. Bonuses or salaries that exceed the limit are subject to FICA withholding. Yes. 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. The Secretary of State maintains updated ordinances and forms as well as a spreadsheet of all occupational license tax rates by city and district. and allows local governments to collect a local option sales tax of up to N/A. In his State of the Union address, Biden said he wants to bump that tax to 4%. TAXES Download our Kentucky sales tax database! 0000006712 00000 n 4 Tax Rates TAXES 21-34, Kentucky County (Local) Income Tax Withholding Kentucky League of Cities - InfoCentral Tax We read every comment! 0 WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 [email protected]. Occupational Tax. Usage is subject to our Terms and Privacy Policy. Finance. WebKentucky Secretary of StateMichael G. Adams. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. %PDF-1.4 % Occupational Tax