Pursuant to Ordinance No. 1894 Fiscal Year 2017:
Beginning October 1, 2017: the rate at which Occupational License Fee (Payroll Tax) will be calculated will be 1.90%.
Beginning October 1, 2017: the rate at which the Net Profit License Fee (annual license fee return) will be calculated will be 1.75%.
The net profit license fee rate change will affect returns for tax year ending after September 30, 2017. Net profit license fee returns due by April 15, 2018 submitted for the tax year of January 1, 2017-December 31, 2017 will be calculated at 1.75%.
The Kentucky Business Guide has been developed by the Kentucky Cabinet for Economic Development to help direct you through the maze of business start-up questions. It contains information on the basic federal, state and local licensing and tax requirements for a new business. Also included is contact information for a number of government agencies that can provide additional information or assistance.