NET PROFIT LICENSE FEE RETURN FORM OL 3 Om 3y Ear
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People also ask
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What is the Shelby County withholding tax?
Payroll Withholding Tax Employers are required to withhold occupational tax from employees at the rate of 1% and submit the tax to the Shelby County Occupational Tax Office on a quarterly basis. Occupational tax is due 30 days after the end of each quarter. -
What is the net profit license fee return for city of Ashland KY?
The Net Profit License Fee Return form is located in the Online Document Center. Net Profit License Fee Reminder: 2022 Net Profit Returns are due by April 18, 2023 for calendar year filers. A copy of the Federal Return and a copy of any 1099's issued for work within city limits are due with your Net Profit Return. -
What is a OL 3 form?
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). -
What is the tax rate in Shelby County KY?
The minimum combined 2023 sales tax rate for Shelby County, Kentucky is 6%. This is the total of state and county sales tax rates. -
What is the occupational tax in Shelby County KY?
The Shelby County Net Profit License Fee is levied at the annual rate of 1 percent of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the county. -
Do I have to file a Louisville tax return?
Taxes collected on all net profits earned by a business within Louisville/Jefferson County. Anyone who engages in business, profession, occupation, or trade will have to pay the Occupational License Tax. There is no minimum earned net profit amount before you are liable to file a tax return. -
What is the net profit license fee in Kentucky?
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 net profit license fee return in Shelby County KY?
The Net Profits License Fee tax rate is 1%. This tax is levied and imposed on the earnings of a person, association, corporation or other entity engaged in any occupation, trade, profession or other activity conducted or performed in the unincorporated area of Shelby County. -
What is the restaurant tax in Shelby County KY?
The current total local sales tax rate in Shelby County, KY is 6.000%....Sales Tax Breakdown. DistrictRateKentucky State6.000%Shelby County0.000%Total6.000%1 more row -
What is the net profit license fee return in Mayfield Kentucky?
The City of Mayfield Net Profit License Fee is levied at the annual rate of 2% the first $50,000.00, plus 1% of $50,000 thru $500,000 and ½ % over $500,000 with a minimum of $100.00 of the net profits of all occupations, trades, professions or other businesses engaged in said activities in the City.
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