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CITY OF SOMERSET, KENTUCKY QUARTERLY LICENSE FEE RETURN. I hereby verify that the information & statements contained herein & any schedules or .

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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.

Form OL-3 is a tax form used by any entity with a business nexus in Louisville/Jefferson County to file and pay the Occupational Tax Rate of 2.2% (resident rate) or 1.45% (non-resident rate).

Employees and businesses within the city limits will be subject to both rates (0.6% and 0.9%) while any employee and business outside the city limits only subject to county rate.

Every person, association, corporation, or other business entity engaging in an occupation, business, trade, or profession is required to file and pay occupational license tax. Business activity includes rental property, sole proprietorships, partnerships, and corporations.

History. Somerset was first settled in 1798 by Thomas Hansford and received its name from Somerset County, New Jersey, where some of the early settlers had formerly lived. Somerset became the Pulaski County seat in 1801, and was incorporated as a city in 1887.

Somerset is an area rich in history, arts, entertainment and agriculture. From our art houses to our rolling fields, our paintbrushes to our barn quilts, our guitars to our plows, Somerset is strongly rooted in and connected to the land and the experience of working it.

The property tax rate for the fiscal year of 2021-2022 is $0.13 for each $100 of taxable property. A 2 percent discount will be given if the bill is paid before November 1, 2021, while a penalty of 20 percent (plus an interest of 6 percent) will be added for any bill not paid until after January 1, 2022.

U.S. Census Bureau QuickFacts: Somerset city, Kentucky.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
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 workflows
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