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. 0 The Kentucky Business Guide has been developed by the, Kentucky Cabinet for Economic Development, Start a Small Business in Pendleton County. Phone: : 270-631-7244. Install this application on your home screen for quick and easy access when youre on the go. - Manage notification subscriptions, save form progress and more. 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. The Finance Department provides instructions for filing occupational tax returns. All new employers should complete the registration form in the attachment below and return to us as soon as possible. There are a total of 211 local tax jurisdictions across the state, collecting an average local tax of 0.008%. WebThe tax rate on business or enterprise profits earned in Caldwell County is presently 1.5% (effective July 1, 2014). WebP.O. hb```b`` Tax Rates 2022. 0000006170 00000 n 0000006712 00000 n Webthe tax rate set by the local taxing bodies plus all voted levies. 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. Table III provides the basic rate table, showing on a county basis all available local rates. 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. 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 %%EOF 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. Using the mouse move the hand, Adobe Reader's, You will need Adobe's Free, Acrobat Reader to view any .pdf documents. Sales Tax Calculator | The following tax rates for Boone and Kenton County, Kentucky, remain the For the complete text of the Ordinance and Amendment, please click on the links below. The employee tax rate for Boone County remains at 0.8 percent. The Inflation Reduction Act of 2022 introduced a 1% excise tax on stock buybacks, which came into effect at the beginning of 2023. This will insure that all eligible persons are in the database. 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." 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). WebCity Occupational Tax Rates City County 2018 Pop. P.O. for the amount paid to the city against the occupational license tax of the county. WebBusiness Development Kentucky Cabinet for Economic Development 800.626.2930 502.564.7670 Kristina.Slattery@ky.gov. WebLogan County Courthouse 200 West Fourth Street P.O. Michael G. Adams. 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 rate is: (1) 2.25% of each individuals gross wages, salaries, commissions and other compensation (including deferred compensation and employee Quarterly Payroll Withholding Schedule is as follows: Quarter-End: March 31st.Return Due: April 30th, Quarter-End: June 30th.. Return Due: July 31st, Quarter-End: Sept. 30th..Return Due: Oct. 31st, Quarter-End: Dec. 31stReturn Due: Jan. 31st, A refund or credit can be made to the employer within two years from the date the overpayment was made. All rights reserved. sc.marshall@logancountyky.gov For clarification as to the proper tax rate from a previously ammended period, contact your tax preparer or the Community Calendar. Box 826. Bonuses or salaries that exceed the limit are subject to FICA withholding. The payroll tax is imposed on compensation earned for work performed in the county. This rate is set annually Loading 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. The fee is due on or before the last day of the month following the period end. Henderson, in Henderson County, increased its tax rate to 1.49%, from 1.29%, an Kentucky Occupational License Association Business One-Stop Shop (B.O.S.S.) (If you are unable to open Box 800, Georgetown KY 40324; Physical Address: 1000 West Main Street, Suite 8 (In The GMWSS Building) 0000000016 00000 n WebKentucky Secretary of StateMichael G. Adams. Download / View Document File. WebOccupational Tax Administrator Occupational Tax Administrator McLean County License Fee Administrator Jenny Baldwin jbaldwin@mcleanky.com P.O. and Taylor County/Campbellsville. 2068 26 Burkesville, KY 42717 (270) 864-3444 - Phone (270) 864-1757 - Fax Your check should be made payable to the Pendleton County General Fund at 233 Main Street, 2nd Floor, Falmouth, KY, 41040. 0000001345 00000 n dbf@ a3 L2M. 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 | Click here to get more information. 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. Daviess County Treasury WebThe maximum taxable wage base for Kenton County will increase from $137,700 to $142,800. 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. 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. Occupational Tax. The official website of Campbell County, Kentucky. This years special release bourbon bottle features the image of Secretariat in honor of the 50th anniversary of his 1973 win. 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. Kentucky has state sales tax of 6%, We value your feedback! and allows local governments to collect a local option sales tax of up to N/A. 2068 0 obj <> endobj Tax Rate 1% of gross wage. Maximum taxable wage base of $16,666 (maximum annual tax of $25) applies to the 0.15 percent Senior Citizen and Mental Health Tax. County Tax Status (Duty Station = DS Residence = R). 1 Maximum taxable wage base of $63,758 (maximum annual tax of $510.07) applies to the 0.8 percent occupational tax. FY 2020 Payroll Tax Rates FY 2020 Net Profits Tax Rates FY 2020 Gross Receipts Tax Rates Adairville Logan 875 1.50% In his State of the Union address, Biden said he wants to bump that tax to 4%. download a Kentucky sales tax rate database. Net Profit Returns . Who must register with the Clark County Tax Administration office? 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. 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%. That rate ranks slightly below the national average. The following is for general information purposes only and does not constitute tax or legal advise. On January 1, 2023, Jordan Johnson was appointed as Daviess County Treasurer and Director of the Finance Department. Print Exemption Certificates. 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. WebThe County occupational tax rate will remain at the current rate of 1% for 2018, for both payroll and net profits. Directory. 212 St. Ann Street: Room 202 Occupational Tax. Published: January 13, 2021Effective: Pay Period 26, 2020. %PDF-1.4 % 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 0000003494 00000 n 0000007387 00000 n Occupational tax rates increased for two Kentucky cities, effective Jan. 1, 2020. Rate Change Effective October 1, 2017. 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. The Secretary of State maintains updated ordinances and forms as well as a spreadsheet of all occupational license tax rates by city and district. 0000001562 00000 n Est. WebThe current Tax Rate is 1 percent (1%) of subject compensation. These .PDF documents have been created so that you can use them just as you would in a typewriter. (502)732-7000, Interactive PDF tax forms for Taxpayer convenience. Every employer making payment of compensation to an employee must withhold the tax. This information is intended to acquaint businesses with the Pendleton County Occupational License Tax Ordinance and tax collection process. The fee became effective April 1, 2003 and is payable quarterly for the periods ending March 31, June 30, September 30 & December 31. 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. (The averages are shown for informational purposes only.) The following tax rates for Boone and Kenton County, Kentucky, remain the same: The employee tax rate for Boone County remains at 0.8 percent. This tax is levied and imposed on the earnings of a person, Occupational Ordinance Amendment 2007-30 (PDF), Occupational Ordinance Amendment 91-17 (PDF), Occupational Ordinance Amendment 97-15 (PDF). Whether enacted by a city, county, or school board; whether 0000027375 00000 n 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. 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. 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. Select the Publications tab and select U.S. Income Tax Formulas from the Publications menu to launch the tax map. Both the sales and property taxes are below Ordinance #220.99 was amended on December 28, 2004- Ordinance #220.107. Skip to Main Content. Counties marked with a in the list below have a county-level sales tax. Renewing a License . Skip over navigation. The Pendleton County Occupational Tax is a payroll tax withheld from those employees who work within Pendleton County and paid to the county.