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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.
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.
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.
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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
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.
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.
The occupational license fee is measured by 8/10 of 1% (0.8%) of all wages, salaries, commissions and other compensation earned for work done or services performed or rendered in the County by a resident or nonresident employee.
An occupational tax is a type of tax that is imposed on people or businesses based on their occupation or profession. This tax is a way for the government to collect revenue to fund public services and programs. Taxes can take many forms, including money or other types of contributions.

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