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  • Net Profit License Fee Return - City Of Madisonville, Kentucky

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CITY OF MADISONVILLE KENTUCKY - NET PROFIT LICENSE FEE RETURN Account Number Fiscal Year End Date Received Check Number Check Amount Section A 1. List additional businesses operated subject to Madisonville License Fee. Business Name Business Address City State Zip Enclose one copy of Federal Return Applicable Schedules See Instructions 9.

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For tax periods prior to January 1, 2023, the tax is 1.49% of the gross compensation paid. Beginning January 1, 2023, the tax is 1.65% of the gross compensation paid. Forms and instructions are available at the Occupational Tax Office or may be downloaded below.

The recent decision to increase the tax rate from 1.5% to 2.5% is the first raise to that tax since it was put in place, but puts Madisonville workers among the highest taxed in the commonwealth.

What is a net profits license fee return? An Annual Net Profit License Fee is levied on all persons, fiduciaries, corporations, and associations engaged in the occupation, trade, profession or other business earned for work performed within the city. The rate is equal to the greater of 1.95% of the net profit or $60.

What is the sales tax rate in Hopkins County? The minimum combined 2023 sales tax rate for Hopkins County, Kentucky is 6%. This is the total of state and county sales tax rates.

An Annual Net Profit License Fee is levied on all persons, fiduciaries, corporations, and associations engaged in the occupation, trade, profession or other business earned for work performed within the city. The rate is equal to the greater of 1.95% of the net profit or $60.

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.

Yes, you must file a Kentucky part-year resident return known as a 740-NP and report all income earned while in Kentucky, as well as any other income from Kentucky sources.

Vendors must add a 3 percent restaurant tax to the selling price of every taxable transaction and collect it from the purchaser. The tax must be separately stated and separately charged on all invoices, bills, displays or contracts.

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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
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
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 WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
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