Radcliff Ky Business Privilege License Return Form
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People also ask
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What is a per capita tax?
Per Capita Tax is a tax levied by a taxing authority to everyone over 17 years of age residing in their jurisdiction. \u201cPer Capital\u201d means \u201cby head, \u201d, so this tax is commonly called a head tax. The school district as well as the township or borough in which you reside may levy a per capita tax.
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What are occupational taxes?
Occupation tax refers to a levy imposed for the privilege of carrying on a business, trade or profession. It is a fixed charge usually levied as a license fee, on professionals such as attorneys, and doctors. The occupation tax is in form a gross receipts tax, levied on the retailer rather than on the purchaser.
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What is an occupational license tax?
The form applies to the occupational tax, which has been around since 1953. And the occupational license is an annual license for the right to conduct an occupation or business in Louisville and Jefferson County. The rate for most taxpayers is 2.2 percent of their net profit.
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Can I deduct occupational tax?
Occupational Taxes You can deduct an occupational tax charged at a flat rate by a locality for the privilege of working or conducting business in such locality. If you are an employee of such locality, you may claim occupational taxes only as a miscellaneous deduction subject to the 2% limit.
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What is Kentucky occupational tax?
City Payroll For tax periods prior to July 1, 2017, the tax is 1% of the gross compensation paid. Beginning July 1, 2017, the tax is 1.29% of the gross compensation paid. Forms and instructions are available at the Occupational Tax Office or may be downloaded below.
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