JESSAMINE 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 (check only to close account) Amended Return
Check federal filing status: Individual owner Partnership Corporation S-Corp LLC Other
All questions must be completed:
A. Principal Business Activity ______________________ F. If organization was discontinued:
B. Business Phone ________________________________ Date ____________________ by Dissolution Sale
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, attach schedule of changes for each year. If yes, you are required to file Form 1099.
________ ________________________________________________________________________________
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 (See reverse side) 1 _______________________ 1 _______________________
2. Business Allocation Percentage (See Section 2 ) 2 _______________________ 2 _______________________
3. Taxable Net Profit (Line 1 multiplied by Line 2) 3 _______________________ 3 _______________________
4. License Fee Due at 1% (Line 3 multiplied by 1%) 4 _______________________ 4 _______________________
5. Estimated Payments/Credits 5 _______________________ 5 _______________________
6. Subtotal (Line 4 minus Line 5) 6 _______________________ 6 _______________________
7. Penalty: late pay and/or filing (5% per month or
portion thereof not to exceed 25%; $25.00 minimum) 7 _______________________ 7 _______________________
8. Interest (12% per annum for late payment and/or filing) 8 _______________________ 8 _______________________
9. Total Due 9 _______________________ 9 _______________________
10. If overpaid, please indicate Account Credit or Refund 10 _______________________ 10 _______________________
____________________________________________________________________________________________________________
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 olA: Nicholasville Col B: Jessamine Col C: Total Everywhere City ofNicholasville % 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 ____________________