The City of Owensboro Tax Form (Form NP-1) is the annual net profit license fee return required for all businesses with income, revenue, or operations in Owensboro and Daviess County, Kentucky. It is administered jointly by the City of Owensboro and the Daviess County Fiscal Court, collecting the occupational license fee owed to both jurisdictions. Every business entity, from individual sole proprietors to corporations, partnerships, and LLCs, must file this return each fiscal year.
To complete Form NP-1, businesses must provide identifying information, including a Federal Employer Identification Number or Social Security Number, the legal business name, mailing address, and business type. Any change in address or a declaration of a cessation of operations during the year must be noted on the form. Federal income schedules and returns must be attached to support the net profit calculation used to determine the annual license fee owed.
The occupational license fee is calculated based on the annual net profits earned from business activity within Owensboro and Daviess County, adjusted using an apportionment worksheet for businesses operating in multiple jurisdictions. After applying available credits for estimated fee payments made during the year, the balance due is submitted with the return. The regulations specify that businesses with employees working in Owensboro or Daviess County, or with revenue greater than an exemption threshold, are required to file and pay the annual license fee.
Individual owners, corporate filers, and partnerships each complete a separate worksheet tailored to their entity type to calculate net profits and allocate income across applicable fiscal years. The completed return is signed under penalty of perjury, certifying the accuracy of all reported profits, revenue, and license fee amounts. Instructions and current occupational tax regulations are available in English from the Owensboro Finance Department.
| Question | Answer |
|---|---|
| Form Name | City Of Owensboro Tax Form |
| Form Length | 7 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 1 min 45 sec |
| Other names | city of owensboro occupational tax form, form e 1 owensboro, owensboro occupational tax, occupational tax administrator owensboro ky |