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What is an example of an occupational tax?

For instance, a professional license fee is an occupation tax imposed on individuals who want to practice a particular profession, such as doctors, lawyers, and engineers. The fee generates revenue for the government and helps regulate the profession.

What states have a business and occupation tax?

The business and occupation tax (often abbreviated as BO tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, and by municipal governments in West Virginia and Kentucky.

Who pays occupational taxes in KY?

Every person, association, corporation, or other business entity engaging in an occupation, business, trade, or profession is required to file and pay occupational license tax. Business activity includes rental property, sole proprietorships, partnerships, and corporations.

What is the property tax rate in Campbell County KY?

Kentucky Property Tax Rates CountyMedian Home ValueAverage Effective Property Tax RateCampbell County$173,4001.36%Carlisle County$83,2000.89%Carroll County$105,8000.78%Carter County$109,5000.49%74 more rows

What is local occupation tax?

Occupation tax is imposed by a city directly on an occupation or business activity. The rate is set by the city resolution or ordinance. It may require a vote by the residents of the city.

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