
Ol 3 2023-2025 Form
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People also ask kentucky ol3 printable
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What is the payroll tax in Louisville Metro?
The combined rate of the occupational license tax on employee compensation and business net profits of residents of Louisville Metro is 2.2% (1.25% to Louisville Metro; 0.2% for mass transit purposes; and 0.75% for public school boards).
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What is the Louisville Metro transportation tax?
The rate for resident employees is composed of: o Louisville Metro 1.25% (. 0125) o Transit Authority of River City . 2% (. 0020) o School Boards Tax .
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What is the occupational license tax in Louisville?
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).
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How much is the Louisville Metro tax?
Resident employees – Employees who work and live in Louisville Metro, Kentucky, are subject to a tax rate of 2.2% (. 0220). The rate for resident employees is composed of: o Louisville Metro 1.25% (.
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How much is the Louisville tax?
The minimum combined 2024 sales tax rate for Louisville, Kentucky is 6.0%. This is the total of state, county, and city sales tax rates. The Kentucky sales tax rate is currently 6.0%.
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What is considered Louisville Metro?
Definitions. As of 2023, the U.S. Office of Management and Budget defines the Louisville–Jefferson County MSA as including Bullitt, Henry, Jefferson, Meade, Nelson, Oldham, and Shelby Counties in Kentucky and Clark, Floyd, Harrison, and Washington Counties in Indiana.
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How do I request an extension for Louisville Metro Revenue Commission?
Form OL-3EXT is a request for an automatic 6-month extension to file Forms OL-3, OL-3EZ and OL-3A. The extension must be postmarked or hand-delivered to the LMRC on or before the original due date. Any tax due must be paid by the 15th day of the fourth month following the close of the taxpayer's fiscal year end.
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Who has to pay the Louisville Metro tax?
Any individual (resident or non-resident) or business entity (partnerships, corporations, or S-Corporations) who receive taxable compensation are required to file the Occupational License Return (OL-3) and pay the Occupational License Tax to the Louisville Metro Revenue Commission (LMRC).
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