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Occupational License Costs

Function

The permit costs are essential to offer the greater things for Hancock County.

Who Need To Pay

1. Everybody or company (including a individual that is self-employed single proprietorship, partnership, company, relationship or any other entity) which includes any task within Hancock County, Kentucky, is needed to spend work-related charges on the web profits of their company operation or enterprise using the exception of: (1) no individual or company using significantly more than 100 individuals into the county within the production process for gain or revenue will probably be necessary to spend a license cost on web earnings. (2) no individual or business that pays a franchise income tax into the county will be necessary to spend a license cost on web profits. No permit taxation will probably be imposed upon or gathered from anyone, corporation or firm in which the county is forbidden for legal reasons from imposing a license income tax.

Every employee whom works in this taxing jurisdiction is at the mercy of work-related costs on their gross profits. Companies have to withhold the fees that are occupational payday and remit quarterly to your Hancock County Administrator.

Taxpayer Needs

1. Advance Registration Fee – Every business or enterprise must register to pay for fees that are occupational filling in a Questionnaire obtainable from Hancock County Administrator.

Yearly Net Profits Return – At the conclusion of each calendar (or financial) 12 months, organizations or enterprises have to register Form Bus. no. 1, reporting net profits susceptible to the work-related charges. The taxation price on business or enterprise profits attained in Hancock County is currently 1.60% (effective January 1, 2020).

Worker Withholding – Every boss who’s got workers involved in this taxing jurisdiction must withhold the correct work-related fees each payday and remit these amounts quarterly on types which is given by the Administrator. At the conclusion of each twelve months, companies may be expected to submit the title, target, social safety quantity, gross wages and quantity of work-related costs withheld for each worker. The income tax price on quantities received in Hancock County, Kentucky is 1.60% of this gross wage on all workers.

Any queries or information that is further the work-related charges in Hancock County ought to be directed to your attention for the Hancock County Administrator (270) 927-8788.

More Information

Hancock County Occupational Tax Workplace

Stacy Bozarth, Administrator PO Box 416 Hawesville, KY 42348 (270)927-8788 Fax: (270)927-0999

Office Hours: Mon., Tues., Wed. & Fri 8 am – 4 pm Thur., 8 am – 5:30 pm

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