Instructions For Annual Gross Receipts License Fee Return - City Of Paducah
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1Instructions
NEW BUSINESS
B
,
,
,
,
,
(
)
C
P
EFORE ENGAGING IN ANY PROFESSION
OCCUPATION
TRADE
VOCATION
CALLING OR OTHER BUSINESS ACTIVITY
SUCH PERSON
S
SHALL FIRST PAY TO THE
ITY OF
ADUCAH A LICENSE
C
O
C
106 A
III.
FEE IN ACCORDANCE TO THE LAWS OUTLINED BY
ITY
RDINANCE
HAPTER
RTICLE
EXISTING BUSINESS
A
(
)
NY PERSON
S
WHO ENGAGED IN ANY BUSINESS ACTIVITY FOR ALL OR PART OF ONE YEAR SHALL PAY A LICENSE FEE FOR SUCH YEAR BASED UPON GROSS RECEIPTS FROM THE PRECEDING
. P
A
15
. P
,
YEAR
AYMENT OF LICENSE FEE ALONG WITH COMPLETED APPLICATION AND FEDERAL TAX RETURN IS DUE ON OR BEFORE
PRIL
OF EACH YEAR
ROVIDED HOWEVER
THAT IF THE
,
15
BUSINESS ENTITY OPERATES ON A FISCAL YEAR WHICH IS NOT BASED ON A CALENDAR YEAR
THE BUSINESS ENTITY MAY FILE THE APPLICATION ON OR BEFORE THE
TH
DAY OF THE FOURTH
’
.
MONTH FOLLOWING THE CLOSE OF THE BUSINESS ENTITY
S FISCAL YEAR
T
G
R
OTAL
ROSS
ECEIPTS
T
.
HE LICENSE TAX DUE FOR EACH CALENDAR YEAR SHALL BE MEASURED BY THE AMOUNT OF THE GROSS RECEIPTS DURING THE LAST CALENDAR YEAR OR FISCAL YEAR
APPORTIONMENT
F
,
,
OR BUSINESS ENTITIES WITH BOTH PAYROLL AND SALES REVENUE IN MORE THAN ONE TAX DISTRICT
MULTIPLY THE GROSS RECEIPTS BY A FRACTION
THE NUMERATOR OF WHICH IS THE
,
(
)
,
,
(
)
,
PAYROLL FACTOR
WHICH IS DESCRIBED IN SUBSECTION
A
OF THIS SECTION
PLUS THE SALES FACTOR
WHICH IS DESCRIBED IN SUBSECTION
B
OF THIS SECTION
AND THE DENOMINATOR
;
F
,
OF WHICH IS THE NUMBER TWO
AND
OR BUSINESS ENTITIES WITH SALES REVENUE IN MORE THAN ONE TAX DISTRICT
BY MULTIPLYING THE GROSS RECEIPTS BY THE SALES FACTOR AS SET
(
)
.
FORTH IN SUBSECTION
B
OF THIS SECTION
(
) T
,
A
HE PAYROLL FACTOR IS A FRACTION
THE NUMERATOR OF WHICH IS THE TOTAL AMOUNT OF COMPENSATION PAID OR OTHERWISE PAYABLE BY THE BUSINESS ENTITY DURING THE
’
,
REPORTING PERIOD WHICH IS ATTRIBUTABLE TO SERVICES PERFORMED BY THE BUSINESS ENTITY
S EMPLOYEES IN THE CITY
AND THE DENOMINATOR OF WHICH IS THE TOTAL
’
COMPENSATION PAID OR OTHERWISE PAYABLE BY THE BUSINESS ENTITY DURING THE REPORTING PERIOD FOR ALL OF THE SERVICES PERFORMED BY THE BUSINESS ENTITY
S EMPLOYEES
. C
.
WHEREVER LOCATED
OMPENSATION ATTRIBUTABLE TO EMPLOYEES IN THE CITY IS BASED ON THE TIME THAT THE EMPLOYEES PERFORMED SERVICES IN THE CITY
(
) T
,
,
B
HE SALES FACTOR IS A FRACTION
THE NUMERATOR OF WHICH IS THE TOTAL SALES REVENUE OF THE BUSINESS ENTITY IN THE CITY DURING THE REPORTING PERIOD
AND THE
.
DENOMINATOR OF WHICH IS THE TOTAL SALES REVENUE OF THE BUSINESS ENTITY EVERYWHERE DURING THE REPORTING PERIOD
Allocation Factors
Column A
Column B
Column C
City of Paducah
Total Everywhere
Percentage
1. Gross Receipts………………………………………………………$_____________
$____________
___________%
(If not applicable write N/A in column C)
2. Total Wages & Salaries……………………………………………..$_____________
$____________
___________%
(If not applicable write N/A in column C)
3. Total Percents (Line 1 Column C plus Line 2 Column C)……………………………….…………………………………………...___________%
4. Average Percentage (Line 3 divided by number of applicable percentages)……………….……………………………………..___________%
5. Total Gross Receipts (Line 1 Column B)……………………………………………………………………………………………...$___________
6. Gross Receipts subject to license fee (Line 5 multiplied by Line 4) Enter on Line C of front page…………………………..$___________
LATE PAYMENT PENALTY AND INTEREST
A
,
NY BUSINESS ENTITY FAILING TO FILE A COMPLETED APPLICATION AND FAILING TO PAY THE CORRECT LICENSE FEE ON OR BEFORE THE DATES OUTLINED ABOVE
SHALL PAY A PENALTY
(5%)
. P
,
EQUAL TO FIVE PERCENT
OF THE ANNUAL LICENSE TAX DUE FOR EACH CALENDAR MONTH OR FRACTION THEREOF
ROVIDED HOWEVER
THE TOTAL PENALTY IMPOSED UNDER THIS
-
(25%)
-
($25).
SECTION SHALL NOT EXCEED TWENTY
FIVE PERCENT
OF THE TOTAL ANNUAL LICENSE TAX DUE NOR SHALL IT BE LESS THAN TWENTY
FIVE DOLLARS
I
,
,
,
(12%)
N ADDITION TO THE PENALTIES PRESCRIBED IN THIS SECTION
SUCH BUSINESS ENTITY SHALL ALSO PAY
AS PART OF THE LICENSE TAX
AN AMOUNT EQUAL TO TWELVE PERCENT
PER
A
ANNUM SIMPLE INTEREST ON ANY UNPAID ANNUAL LICENSE TAX WHICH WAS DUE AND PAYABLE TO THE CITY UNDER THIS
RTICLE FROM THE TIME THAT THE LICENSE TAX WAS DUE UNTIL
. A
.
THE LICENSE TAX IS FINALLY PAID TO THE CITY
FRACTION OF A MONTH IS COUNTED AS AN ENTIRE MONTH
EXTENSION OF TIME
I
,
A
15,
;
:
F A TAXPAYER HAS RECEIVED AN EXTENSION OF TIME
PAST
PRIL
HE SHALL BE GRANTED A SIMILAR EXTENSION BY THE CITY
PROVIDED THAT HE
a)
S
A
15
.
UPPLIES A COPY OF THE FEDERAL EXTENSION PRIOR TO
PRIL
OF ANY YEAR
b)
S
,
.
UBMIT AN APPLICATION WITH ESTIMATED GROSS RECEIPTS AND PAY AN ESTIMATED BUSINESS LICENSE FEE
WHICH SHALL BE ADJUSTED UPON FILING OF HIS FINAL RETURN
c)
A
NY AMOUNT THAT THE ACTUAL FEE IS OVER THE ESTIMATED PAYMENT SHALL BE SUBJECT TO INTEREST AND PENALTIES
THE FULL ORDINANCE PERTAINING TO GROSS RECEIPT LICENSE TAX MAY BE FOUND IN SECTION 106 ARTICLE III OF THE PADUCAH CODE OF ORDINANCES OR
ON THE CITY OF PADUCAH WEBSITE AT
8:00
.
.
4:30
.
.
CITY HALL OFFICE HOURS ARE
A
M
TO
P
M
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