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The business and occupation tax (often abbreviated as B&O 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, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.
A "mirror" tax is a tax in a U.S. dependency in which the dependency adopts wholesale the U.S. federal income tax code, revising it by substituting the dependency's name for "United States" everywhere, and vice versa. The effect is that residents pay the equivalent of the federal income tax to the dependency, rather than to the U.S. government.
The individual income tax rate in Kentucky is set to drop again at the start of 2026. Republican leaders in the General Assembly announced this week that the state’s budget has hit the required ...
You can check the status of your Kentucky state tax refund at the state's online portal. You can speak with an examiner about a prior year's or amended refund by calling (502) 564-4581.
The official start date for electronic filing of tax year 2023 Kentucky returns began Jan. 23, according to the state's tax office. The Internal Revenue Service will begin accepting and processing ...
An average tax rate is the ratio of ... Illinois, Indiana, Kentucky, Massachusetts ... The appropriate income tax rate is applied to the tax base to calculate taxes ...