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. The lower taxable wage base limit remains at $25,000. Simplify Kentucky sales tax compliance! 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. The fee is due on or before the last day of the month following the period end. Click on any city name for the applicable local sales tax rates. Box 608 110 North Main Street Morgantown, KY 42261 . 0000002524 00000 n Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax 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. No exemptions. 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%. In his State of the Union address, Biden said he wants to bump that tax to 4%. 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. 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. 0000001345 00000 n Kentucky has state sales tax of 6%, 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. hb```b`` WebOccupational Tax Administrator Stacey Thrasher, County Treasurer. Download our Kentucky sales tax database! 0000003494 00000 n 0000033672 00000 n 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. 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. To whom does the occupational license fee apply? 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. P.O. Fax: : 270-827-6002. 0000008798 00000 n All rights reserved. Owensboro, KY 42303 That rate ranks slightly below the national average. Whether enacted by a city, county, or school board; whether WebThe association is dedicated to the needs, issues, and challenges pertaining to occupational license tax in Kentucky. WebThe maximum rate is 7%; the minimum rate is 4%. Rate Change Effective October 1, 2017. WebOccupational Tax Administrator Occupational Tax Administrator McLean County License Fee Administrator Jenny Baldwin jbaldwin@mcleanky.com P.O. Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%. Download / View Document File. Light rain earlythen remaining cloudy with showers and windy conditions developing overnight. Box 826. Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%. 4 %%EOF Occupational Tax. 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%. Both sales and property taxes are below the national average. Occupational tax rates increased for two Kentucky cities, effective Jan. 1, 2020. Sales and Use Tax. 0000000016 00000 n Select the occupational tax district below. WebCity Occupational Tax Rates City County 2018 Pop. Let us know in a single click. 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. 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. WebHB 277 of the 2012 Kentucky General Assembly established a process to phase in standardized forms for occupational license tax reporting. dbf@ a3 L2M. 2 Maximum taxable wage base of $142,800 (maximum annual tax of $306.65) applies to the 0.7097 percent occupational tax. <]/Prev 908265/XRefStm 1345>> Skip to Main Content. 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. 0000027375 00000 n (Consult local jurisdictions for further details.) The Finance Department administers the financial affairs of the Fiscal Court. Skip over navigation. Date of Record: 10/18/21 08:26. No minimum or maximum amount. startxref Weband are exempt from Net Profits License Fee Tax. 0000051761 00000 n Tax Rates 2021 Occupational Tax; Planning & Zoning & Building Inspections; Opportunities & Bids; 600 Courthouse Square. Click here to get more information. Kentucky has a flat income tax rate of 5%, a statewide sales tax of 6% and property taxes that average $1,382 annually. The occupational license tax fee in Kenton County will not follow Consumer Price Index. County Tax Status (Duty Station = DS Residence = R). Cities or towns marked with an have a local city-level sales tax, potentially in addition to additional local government sales taxes. Forms. 0000004545 00000 n 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. This will insure that all eligible persons are in the database. After sales taxes, the tax wedge was 31.6 percent. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. 0000041550 00000 n 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. (The averages are shown for informational purposes only.) Published: January 13, 2021Effective: Pay Period 26, 2020. WebThe County occupational tax rate will remain at the current rate of 1% for 2018, for both payroll and net profits. Est. 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. 2023 SalesTaxHandbook. 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. Your check should be made payable to the Pendleton County General Fund at 233 Main Street, 2nd Floor, Falmouth, KY, 41040. 212 St. Ann Street: Room 202 The maximum taxable wage base for Boone County will increase from $63,136 to $63,758. Table II provides the average tax rates for Kentucky for 2022. 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 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. Visit; Business; Government Start Content. This form can be faxed to (270) 598-8914 or e-mailed to the address above. The maximum annual tax for Kenton County will increase from $306.65 to $311.26. Campbell County, Kentucky Welcome to the official website of Campbell County, Kentucky! 270-685-8424, 212 St. Ann Street, Room 202Owensboro, KY 42303, Copyright 2023 Daviess County Kentucky All Rights Reserved. Henderson whereas the city accepts applications and payments on behalf of the county in conjunction with the citys occupational tax. The Kentucky Business Guide has been developed by the, Kentucky Cabinet for Economic Development, Start a Small Business in Pendleton County. 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). 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. - Manage notification subscriptions, save form progress and more. The occupational license tax shall be measured by 1% of: A. 0000047340 00000 n 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. We value your feedback! 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 | The maximum taxable wage base for Kenton County has increased from $128,400 to $132,900. 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. 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. 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 Exceptions to this include retirement benefits, disability, unemployment benefits, workers compensation, and applicable wages.