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TAX YEAR FOR YEAR ENDED Address MONTH DAY YEAR City, State & Zip ACCOUNT NUMBER Phone: (270) 831-1290, ext. 2229 or (270) 831-1200 www.cityofhendersonky.org No Activity (see instructions) Place check mark in box if there was no activity in the City of Henderson, skip to signature line and sign return. ALL LICENSEES MUST ANSWER QUESTIONS BELOW: A. Principal business activity B. What is your Social Security # (If any) C. Your Federal Identification # (If any) D. Home phone Business phon.
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Apportion FAQ
City Net Profits Every business entity conducting business in the City of Henderson for a profit is required to pay a tax on its net profits. Calendar year filers with a year end of December 31, 2022 pay a tax of 1.49% on net profits.
Overview of Kentucky Taxes Kentucky imposes a flat income tax of 4.5%. 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.
An occupational tax is a type of tax that is imposed on people or businesses based on their occupation or profession. This tax is a way for the government to collect revenue to fund public services and programs. Taxes can take many forms, including money or other types of contributions.
Individual Income Tax is due on all income earned by Kentucky residents and all income earned by nonresidents from Kentucky sources.
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.
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.
Occupational Taxes - You can deduct as a business expense an occupational tax charged at a flat rate by a locality for the privilege of working or conducting a business in the locality.
What is the sales tax rate in Henderson, Kentucky? The minimum combined 2024 sales tax rate for Henderson, Kentucky is 6%. This is the total of state, county and city sales tax rates. The Kentucky sales tax rate is currently 6%.
Overpayment Related content
Occupational License Tax | Henderson, KY...
Forms may be downloaded below or obtained at the Occupational Tax Office. Occupational...
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