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  • Nelson Coun Ty Net Profits Tax Form

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Form NP. Calendar Year or Fiscal Year Ended. Name. MONTH. DAY. Address. Fed ID or SS #. 1. Check which: Regular Corporation. S-Corporation. Partnership .

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0.50% Residents of Nelson County pay a flat county income tax of 0.50% on earned income, in addition to the Kentucky income tax and the Federal income tax. Nonresidents who work in Nelson County also pay a local income tax of 0.50%, the same as the local income tax paid by residents.

The City of Mayfield Net Profit License Fee is levied at the annual rate of 2% the first $50,000.00, plus 1% of $50,000 thru $500,000 and ½ % over $500,000 with a minimum of $100.00 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City.

The Net Profits License Fee return is due April 15 of each year, except returns made on the basis of a fiscal year, which shall be made by the fifteenth day of the fourth month following the close of the fiscal year.

The maximum amount of Net Profit per licensee to which this fee applies is $500,000, creating a maximum liabilty of $2,500 per year. In addition, if the Net Profit for a single licensee is less than $2,500 for one (1) year, no license fee will be due for that year.

Net Profit Returns The Net Profits License Fee tax rate is 1%. This tax is levied and imposed on the earnings of a person, association, corporation or other entity engaged in any occupation, trade, profession or other activity conducted or performed in the unincorporated area of Franklin County.

The rate for the license fee is 1% of net profit and 1% of all wages and compensation paid on work done within the County of Lincoln. Regardless of a profit or a loss, the annual return form and appropriate tax schedules are still required to be filed with our office.

Payroll Withholding Tax The Occupational Withholding tax rate is 1%. This tax is on all wages and compensation for work done or services performed in the unincorporated area of Franklin County by every resident and non-resident who is an employee.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232