Get Net Profits License Fee Return - Midway

What is the tax rate for the Occupational License Tax? The current tax rate for Occupational Taxes totals 2.2% (. 0220) for resident individuals, sole- proprietors, partnerships, corporations, etc.

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 Homestead Exemption (based on age or disability status) allows taxpayers who are at least 65 years of age or who are totally disabled to receive an exemption. Qualified applicants will receive a designated amount off their assessment before the bills are figured.

Payment Options We accept Mastercard, Visa, cash, cashier's check or money order. Woodford County Circuit Clerk. P.O. Box 284. Eureka, Illinois 61530.

Residents of Woodford County pay a flat county income tax of 1.50% on earned income, in addition to the Kentucky income tax and the Federal income tax. Nonresidents who work in Woodford County also pay a local income tax of 1.50%, the same as the local income tax paid by residents.

Rate. — There is imposed a 1.5% levy on all employees for services in county; 1.5% of the net profits of all businesses, occupations, and professions within the county.

The Laurel County Occupational Tax has a license fee of 1% of gross payroll and 1% on Net Profits.

The occupational license tax shall be measured by 1 % of: All wages and compensation paid or payable in the District for work done or services performed or rendered in the District by every resident and nonresident who is an employee.