Madison County Occupation Tax
Angel Powell, Administrator
Email Angel Powell
Madison County has 3 separate taxing jurisdictions within in it. Madison County has 1% Occupational tax for any work outside either city's limits. You can file you Madison County Occupational Taxes Online using the forms below:
If work is performed within either city's limits then your business is not subject to the Madison County Tax. All taxes should be paid to the appropriate jurisdiction where the work is being performed. You will never pay occupational taxes to more than one jurisdiction for the same work. Madison County tax is due ONLY when work is done outside either city's limits.
For Madison County the Occupational License Fees are made up of Payroll Withholding and year end Net Profits. The payroll withholding should be withheld from paychecks and submitted by the employer, usually on a quarterly basis. The forms you will need in order to file your taxes are available online.
The Employer will be responsible for filing on time, to avoid penalties & interest, EVEN if there is NO activity in the county that quarter.
The Net Profit tax is to be filed yearly on the business income. Net Profits are due by April 15th for most businesses that file on a calendar year. All the information needed to complete the form will be found on your Federal Income Tax return that is filed with the IRS. A form must be filed even if there was no activity for that year.
**If you file a Federal Extension, then you will be responsible for sending a copy of it to the Madison County Occupational Tax Administrator by April 15th to help avoid penalties and interest. This is true even if no tax is anticipated **
A Madison County Business/Occupational License is needed if you are conducting Business anywhere in Madison County that is NOT located inside the city limits of Richmond or Berea. If you are unsure if the location is subject to a Madison County Business/Occupational License please contact the Madison County Occupational Tax Administrator Office.
How to apply for a Madison County Business/Occupational License:
Read over the Madison County Business/Occupational License Ordinance for all of the requirements of licensing.
Please complete the Madison County Business/Occupational License Form. You will need the following information handy: Business Name, Business Physical Address, Type of Business, Number of Employees, Federal Tax ID and Social Security Number.
Submit your payment and application to the Madison County Occupational Tax Administrator at the following address:
Madison County Finance
PO Box 547
Richmond, KY 40476
What happens next?
After the Occupational Tax Administrator receives your application and payment you will be mailed the appropriate tax forms that will need to be filed with Madison County for Occupational Taxes as regulated in the Madison County Business/Occupational Tax License Ordinance.