TAXES 21-05, Kentucky County (Local) Income Tax Withholding 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. We read every comment! The maximum annual tax for Kenton County will increase from $301.06 to$306.65. 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%. WebHB 277 of the 2012 Kentucky General Assembly established a process to phase in standardized forms for occupational license tax reporting. Are Extensions Granted on Net Profit returns. Tax Rates Occupational Tax Occupational Tax. County 2022 Commonwealth of Kentucky. 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). 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. 2 Kentucky Cities Increase Occupational Tax Rates County This tax is levied and imposed on the earnings of a person, 2068 0 obj <> endobj Box 608 110 North Main Street Morgantown, KY 42261 . Yes. 2 Maximum taxable wage base of $142,800 (maximum annual tax of $306.65) applies to the 0.7097 percent occupational tax. 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. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. 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. Occupational Tax Administrator - Cumberland County Click here for a larger sales tax map, or here for a sales tax table. WebOccupational Tax Administrator Occupational Tax Administrator McLean County License Fee Administrator Jenny Baldwin jbaldwin@mcleanky.com P.O. download a Kentucky sales tax rate database. Henderson, in Henderson County, increased its tax rate to 1.49%, from 1.29%, an Boone County 0000007387 00000 n dbf@ a3 L2M. In the U.S., that tax wedge made up 29.8 percent of an individuals income on average in 2019. Occupational Ordinance Amendment 2007-30 (PDF), Occupational Ordinance Amendment 91-17 (PDF), Occupational Ordinance Amendment 97-15 (PDF). Occupational Tax Administration - Simpson County Kentucky 0000005761 00000 n The maximum annual tax for Kenton County will increase from $301.06 to $306.65. Both the sales and property taxes are below 0000060858 00000 n Taxes 0 0000006712 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. sc.marshall@logancountyky.gov Multiply the gross biweekly wages by the number of pay dates in the tax year to obtain the annual wages. The occupational license tax shall be measured by 1% of: A. Pursuant to KRS 67.766, occupational license tax forms for each Kentucky taxing district that imposes such a tax are now available online. 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%. An Official Website of the Commonwealth of Kentucky. 0000007299 00000 n Daviess County Treasury WebCounty Budget; OpenGov Finance Tool; Invoice Report; Voter Registration; Elections; Boone County Tax Rates; Current Bid Solicitations; 911 Public Safety Communications Dwelling Renewing a License . Property Tax Rates - Department of Revenue - Kentucky Maximum taxable wage base of $16,666 (maximum annual tax of $25) applies to the 0.15 percent Senior Citizen and Mental Health Tax. - Manage notification subscriptions, save form progress and more. xref Occupational Tax WebThe association is dedicated to the needs, issues, and challenges pertaining to occupational license tax in Kentucky. 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. Daviess County Kentucky 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. You can also download a Kentucky sales tax rate database. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. 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. 0000051761 00000 n 212 St. Ann Street: Room 202 Phone: : 270-631-7244. Kentucky County Tax Status (Duty Station = DS Residence = R). There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. TAXES 21-34, Kentucky County (Local) Income Tax Withholding WebLogan County Courthouse 200 West Fourth Street P.O. The employee tax rate for Kenton County remains at 0.7097 percent. 4 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. Est. 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 | Every employer making payment of compensation to an employee must withhold the tax. The maximum annual tax for Kenton County will increase from $301.06 to $306.65. Assistant Treasurer / Director of Finance. The Finance Department provides instructions for filing occupational tax returns. Occupational license fees rates The Pendleton County Occupational Tax is a payroll tax withheld from those employees who work within Pendleton County and paid to the county. Skip over navigation. This means an employee that was earning $59,485 pre-tax would take 0000047340 00000 n Occupational Tax/Business License Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax 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 The maximum taxable wage base for Boone County will increase from $63,136 to $63,758. Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. Kentucky League of Cities - InfoCentral Box 236 Russellville, KY 42276. Date of Record: 10/18/21 08:26. Print Exemption Certificates. Stock Buybacks: A Good Signal or a Waste of Money? 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. County 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. Download our Kentucky sales tax database! 0000005676 00000 n 0000001722 00000 n Occupational tax rates increased for two Kentucky cities, effective Jan. 1, 2020. 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. County Occupational Tax Loading 0000033672 00000 n %%EOF Sales Tax Calculator | 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. Select the occupational tax district below. 0000002637 00000 n Business & Occupational Licenses 0000008683 00000 n (The averages are shown for informational purposes only.) The payroll tax is imposed on compensation earned for work performed in the county. 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. 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 Promotional Rates were found for your code. Published: January 13, 2021Effective: Pay Period 26, 2020. for the amount paid to the city against the occupational license tax of the county. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. Kentucky has state sales tax of 6%, Combined with the state sales tax, the highest sales tax rate in Kentucky is 9.75% in the city of Albany. 0000027375 00000 n Usage is subject to our Terms and Privacy Policy. WebOccupational Tax Administrator Stacey Thrasher, County Treasurer.