DOC Net Profits Form - Marion, KY 2026

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  1. Click ‘Get Form’ to open the DOC Net Profits Form in the editor.
  2. Begin by entering the year at the top of the form. This is crucial for accurate record-keeping.
  3. Fill in your business details, including whether you are a resident or non-resident of Marion. Ensure all information is accurate.
  4. Complete the gross income section by referencing your Federal Return. Deduct any applicable gross receipts from manufacturing or trafficking alcoholic beverages as specified.
  5. Calculate your adjusted gross income and total deductions based on your Federal Return. Be sure to attach any required schedules.
  6. Proceed to calculate the net profits subject to the Marion License Fee and ensure you include any penalties or interest if applicable.
  7. Finally, review all entries for accuracy before signing and dating the certificate at the bottom of the form.

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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.
Occupational License Requirements The application and a $75 fee is required for each separate business before commencement of business activity or in the event of a status change other than a change of address.
Marion, KY is home to a population of 2.88k people, from which 99.8% are citizens. As of 2021, 1.15% of Marion, KY residents were born outside of the country (33 people). In 2021, there were 38.5 times more White (Non-Hispanic) residents (2.66k people) in Marion, KY than any other race or ethnicity.

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People also ask

Kentucky has a flat income tax rate of 5% on net income. Fayette County levies a local occupational license tax at the rate of 2.25% on salaries/wages and business net profits. Fayette County Schools levy a local occupational license tax at the rate of 0.5% on salaries/wages and business net profits.
An Occupational License Fee is imposed on the wages of those employees working within the city limits at the rate of 1.95% of all salaries, wages, commissions and other compensation including deferred compensation, earned for work and or services performed in the city.
For tax periods prior to January 1, 2023, the tax is 1.49% of the gross compensation paid. Beginning January 1, 2023, the tax is 1.65% of the gross compensation paid.
Rate. There is imposed on every person engaged in a business or occupation in the county a license fee equal to 0.9% or . 009 of the compensation or net profits earned in the county, not to exceed $2,000 in one year.
The Net Profit License Fee Return is due the 15th day of the 4th month following the close of the fiscal year. For example, if you operate on a calendar year, the return is due by April 15 of each year. A copy of the federal return for your business must accompany your county Net Profit Return.

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