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Occupational License Charges

Function

The permit charges are essential to supply the higher things for Hancock County.

Whom Must Spend

  1. Everyone or company (including a individual that is self-employed single proprietorship, partnership, firm, relationship or other entity) that has any task within Hancock County, Kentucky, is needed to spend work-related charges on the internet earnings of its company procedure or enterprise with all the exception of: (1) no individual or business using significantly more than 100 individuals within the county into the production procedure for gain or revenue will be expected to spend a license charge on web earnings. (2) no individual or company that pays a franchise income tax to your county will be necessary to spend a license charge on web earnings. No permit income tax will be imposed upon or accumulated from anybody, company or firm where in actuality the county is forbidden for legal reasons from imposing a license income tax.

  • Every worker whom works in this taxing jurisdiction is susceptible to work-related charges on his gross profits. Employers have to withhold the fees that are occupational payday and remit quarterly to your Hancock County Administrator.

    • Taxpayer Demands

    1. Advance Registration Fee – Every company or enterprise must register to cover work-related charges by completing a Questionnaire obtainable from Hancock County Administrator.

    Yearly Net Profits Return – At the conclusion of each calendar (or fiscal) 12 months, companies or enterprises are required to file Form Bus. number 1, reporting net earnings susceptible to the fees that are occupational. The income tax price on business or enterprise profits attained in Hancock County is currently 1.60% (effective January 1, 2020).

  • Worker Withholding – Every manager that has workers employed in this taxing jurisdiction must withhold the correct fees that are occupational payday and remit these amounts quarterly on types that will be given by the Administrator. At the conclusion of each twelve months, companies is supposed to be expected to submit the name, target, social protection quantity, gross wages and number of work-related charges withheld for each worker. The taxation price on amounts acquired in Hancock County, Kentucky is 1.60% regarding the wage that is gross all workers.

    • Any concerns or more info concerning the work-related charges in Hancock County should really be directed to your attention of this Hancock County Administrator (270) 927-8788.

    Extra 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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