Occupational Licensing

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Welcome to the Boone County Occupational Tax Office!  We are responsible for the collection of the Boone County Ordinance Tax # 07-27, Boone County Mental Health/Intellectual Disability/Aging Tax # 07-26 and the Boone County School Board Tax.  Occupational tax is levied on salaries, wages, commissions and other compensation of individuals for activities performed or rendered in Boone County and on the Net Profits of all businesses conducting activity in our jurisdiction.   The mission of the Occupational License Tax Office is to fairly and equitably apply the tax code in the administration of the occupational tax laws of Boone County, Kentucky. 

IMPORTANT YEAR END TAX FILING INFORMATION

Annual Reconciliation & W2's are due February 28, 2020

1099 Non-Employee Transmittal Form is due February 28, 2020
Net Profit Tax Return for calendar year-end taxpayers is due April 15, 2020

Net Profit Extension Requests for calendar year end taxpayers is due April 15, 2020*

*Extension requests must be filed directly with the Boone County Occupational Tax Office with payment of the business license fee and estimated tax due.

Global Intangible Low-Taxed Income (GILTI)

Based on a review of relevant provisions of the 2017 Tax Cuts and Jobs Act (TCJA) and Boone County Ordinance Chapter 110, income reported on the federal return attributable to Global Intangible Low-Taxed Income (GILTI) is excludable from the net profit for Occupational License tax purposes. Any expenses related to foreign income as determined by IRC Section 250 and reported on IRS Form 8993 must also be excluded from the Adjusted Net Profit. Receipts derived from GILTI are not to be included in the calculation of the receipt factor for purposes of determining the average apportionment percentage.  A copy of the federal Schedule C and Form 8993 must be attached to the Occupational License tax return for any taxpayer who has reported GILTI on the federal tax return.

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The QBI deduction is not applicable for purposes of the Occupational License tax