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QUESTIONNAIRE AND INITIAL REPORTING FOR AN OCCUPATIONAL LICENSE TAX ACCOUNT FOR SCHOOLS Office Use Only NON-PROFIT organizations will not be required to file Form 228-S Net Profits Occupational License Tax Return provided a copy of a Federal letter of exemption is submitted to support the non-profit status. Account Please complete this questionnaire and return it to the Tax Office by mail. Business or trade name Local business address Home addres.

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Kentucky's sales and use tax rate is six percent (6%). Kentucky does not have additional sales taxes imposed by a city or county.

Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits.

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.

Overview of Kentucky Taxes Kentucky imposes a flat income tax of 5%. The tax rate is the same no matter what filing status you use. Aside from state and federal taxes, many Kentucky residents are subject to local taxes, which are called occupational taxes.

Kentucky has a flat 4.50 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Kentucky has a 5.00 percent corporate income tax rate. Kentucky has a 6.00 percent state sales tax rate and does not levy any local sales taxes.

Kentucky is tax-friendly toward retirees. Social Security income is not taxed. Withdrawals from retirement accounts are partially taxed. Wages are taxed at normal rates, and your marginal state tax rate is 0.0%.

Kentucky's individual income tax law is based on the Internal Revenue Code in effect as of December 31, 2021​​​​​. The tax rate is five (5) percent and allows itemized deductions and certain income reducing deductions as defined in KRS 141.019​.

Residents of Lexington Fayette Urban County pay a flat county income tax of 2.25% on earned income, in addition to the Kentucky income tax and the Federal income tax. Nonresidents who work in Lexington Fayette Urban County also pay a local income tax of 2.25%, the same as the local income tax paid by residents.

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© Copyright 1997-2025
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3720 Flowood Dr, Flowood, Mississippi 39232
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