Form Jcot 2 - Jessamine County/city Of Nicholasville Net Profit License Fee Return
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1JESSAMINE COUNTY/CITY OF NICHOLASVILLE
NET PROFIT LICENSE FEE RETURN
FORM JCOT 2
THIS RETURN IS DUE ON OR BEFORE APRIL 15th FOR THE CALENDAR YEAR OR WITHIN 105 DAYS OF THE FISCAL YEAR END
Check if on federal extension (Attach Copy)
Account No.
CALENDAR/FISCAL YEAR END
Name and Address of Business
Month
Day
Year
(Please correct any error in ownership, name or address)
For Office Use Only
Make Checks Payable to:
Received
City Tax: City of Nicholasville
__________________
Co. Tax: Jessamine Co Fiscal Ct
Check No.
Check No.
Mail with this return to:
___________
___________
Occupational Tax Office
Amount
Amount
105 Court Row
Nicholasville, Kentucky 40356
____________
____________
Ph: (859) 885-3206
City
County
Fax: (859) 887-0900
Federal I.D. or Social Security Number
Final Return
)
Amended Return
(check only to close account
Check federal filing status:
Individual owner
Partnership
Corporation
S-Corp
LLC
Other
All questions must be completed:
A.
______________________
F. If organization was discontinued:
Principal Business Activity
B.
________________________________
Date ____________________ by
Dissolution
Sale
Business Phone
C. Business Site Address ________________________________
New owner name and address ___________________________
D. Did you have employees in Jessamine Co.
Yes
No
_____________________________________________________
City of Nicholasville?
Yes
No
G. Did you make payments in the sum of $600.00 or more to any
E. Have federal authorities changed the Net Income as originally
individual for services rendered in Jessamine Co.?
Yes
No
Reported for any prior year?
Yes
No
City of Nicholasville
Yes
No (other than an employee)
If yes, you are required to file Form 1099.
*If yes, attach schedule of changes for each year.
________________________________________________________________________________
________
SECTION 1: CALCULATION OF LICENSE FEE LIABILITY
C
ity of Nicholasville
Jessamine County
No activity this year
No activity this year
1. Net Business Income per worksheet
)
1 _______________________
1 _______________________
(See reverse side
2. Business Allocation Percentage
)
2 _______________________
2 _______________________
(See Section 2
3. Taxable Net Profit
3 _______________________
3 _______________________
(Line 1 multiplied by Line 2)
4. License Fee Due at 1%
4 _______________________
4 _______________________
(Line 3 multiplied by 1%)
5. Estimated Payments/Credits
5 _______________________
5 _______________________
6. Subtotal
6 _______________________
6 _______________________
(Line 4 minus Line 5)
7. Penalty:
late pay and/or filing (5% per month or
7 _______________________
7 _______________________
portion thereof not to exceed 25%; $25.00 minimum)
8.
8 _______________________
8 _______________________
Interest (12% per annum for late payment and/or filing)
9.
9 _______________________
9 _______________________
Total Due
10
10 _______________________
10 _______________________
. If overpaid, please indicate
Account Credit or
Refund
____________________________________________________________________________________________________________
SECTION 2: BUSINESS ALLOCATION PERCENTAGE
: Licensees whose business operations were not conducted entirely in the City of Nicholasville or
Jessamine County outside the City of Nicholasville must complete this part, regardless of profit or loss. Percentages should be carried out four (4) places.
Col D: A ÷ C = D
Col E: B ÷C = E
C
C
ol A: Nicholasville
Col B: Jessamine
Col C: Total Everywhere
ity of Nicholasville %
Jessamine County %
GROSS RECEIPTS
from sales made and/or
services rendered
$
$
$
%
%
WAGES, SALARIES
and other
compensation paid to
$
$
$
%
%
employees
Total Percentages (Add the percentages computed above for columns D and E)
%
%
Average Percentage (Total Percentage divided by number of percents) Enter on Line 2 of Section 1
%
%
________________________________________________________________________________________________________________________
I certify that the statements made herein and in any supporting schedules are true, correct and complete to the
best of my knowledge.
Signed ________________________________________ Title
Date
_________________________
____________________
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