PDF document

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2017

Form NP100

Net Profit License Tax Returns

And

Instructions

2017 Highlights and Announcements

n IMPORTANT - Please indicate on the Form NP100, Line 13, whether or not you wish to have the
Form NP100 tax packet mailed to you for the subsequent tax year. If you leave the check box blank you
will not receive Form NP100 via mail. However, it will still be available via download from the
Revenue Commission’s website at www.gscrevenue.com.

o Please be advised that IRS extensions are not acceptable unless you file a copy with this office, along
with any estimated tax due, on or before the original due date of the return. Attaching a copy of the
approved Federal extension at the time of filing the NP100 is not sufficient.

For additional information contact:

Georgetown/Scott County Revenue Commission
P O Box 800
Georgetown, KY 40324
Telephone: (502) 863-9805
Fax: (502) 863-9808
Hours: Monday-Friday
8:00 A.M. – 4:00 P.M.
http://www.gscrevenue.com

Paid for with Georgetown/Scott County Revenue Commission funds.
Revised 11-2017

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                                    General Instructions 
                                                       
The following instructions are provided to aid the taxpayer in the completion of Form NP100, Net Profit 
License Tax Returns.  They are not intended to be all-inclusive and therefore should be used only as a 
supplement to the existing ordinances and regulations.  If you have any questions that are not addressed in these 
instructions please refer to the license tax ordinances and regulations. 
 
WHO MUST FILE FORM NP100: 
 
Corporations, partnerships, sole proprietorships, estates and trusts, or other business entities engaged in a 
business with 1) business activity in Georgetown/Scott County and 2) business nexus in Georgetown/Scott 
County sufficient to justify the imposition of the license tax. 
 
YOU MUST FILE FORM NP100 EVEN IF: 
 
Your business activity resulted in a loss for the tax year.  Complete Form NP100 according to the instructions 
provided, sign the form and return to the Georgetown/Scott County Revenue Commission (GSCRC). 
 
You were not actively engaged in business during the year but intend to resume operations at a future date.  
Check the box marked “No activity in jurisdiction” on Form NP100, sign the form and return it to the GSCRC. 
 
Your business activity ceased prior to the beginning of the tax year but you have not provided written 
notification that operations ceased.  Indicate “No activity in jurisdiction” and “Final” on Form NP100, complete 
question D, sign the form and return it to the GSCRC. 
 
Your business was operational for a portion of the tax year but ceased operation prior to the completion of the 
fiscal year.  Complete Form NP100 according to the instructions provided and indicate “Final” on the form, 
complete question D, sign and return it to the GSCRC. 
 
You applied for a business license with the intention of starting a business but never transacted business within 
Georgetown/Scott County and do not intend to do so in the future.  Indicate “No activity in jurisdiction” and 
“Final” on Form NP100, complete question D, sign the form and return it to the GSCRC. 
 
                                    Due Date 
 
Year ending December 31:            The Form NP100, Net Profit License Tax Returns must be filed 
                                    and all taxes paid on or before April 15, 2018. 
 
Year ending other than December 31: The Form NP100, Net Profit License Tax Returns must be filed 
                                    and all taxes paid on or before the fifteenth day of the fourth month 
                                    after the close of the fiscal year. 
 
                                                      2

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General Instructions, Continued

Automatic Extensions

An automatic extension of time for filing the Net Profit License Tax Returns will be granted for a period not to
exceed any extension granted by the Internal Revenue Service for the filing of the federal income tax return for
the same year. The extension request must be a written request properly signed by the licensee or a duly
authorized agent and received on or before the due date for filing. A copy of the federal Form 4868, 8736, or
7004 for the same year may be used for the written request provided, that the licensee’s federal
identification number used for occupational license tax reporting purposes is plainly noted thereon. The
extension request submitted by the licensee or his agent shall set out the licensee’s name and account number
maintained for filing purposes, the period for which the extension of time for filing is desired, the length of
extension and reason therefore.

An automatic extension of time for filing the Net Profit License Tax Returns does not extend the time for
payment of the license tax. Payment of the estimated license tax liability must accompany the request for
extension. Merely sending a tentative or estimated payment is not an acceptable request for an extension, and
the written request for the extension must be on a separate paper from the check by which any estimated
payment is made.

Interest at the rate of twelve (12) percent per annum shall apply to any unpaid license tax during the period of
extension and shall be included with the amount remitted in payment of the license tax at the time of filing the
Net Profit License Tax Returns. No penalty shall be assessed in those cases in which all filing and payment
requirements have in good faith been fulfilled and the final license tax and interest is paid with the filing of the
Net Profit License Tax Returns within the period as extended. The required estimated license tax payment is
presumed to have been made in good faith provided that the taxpayer remits with the timely filed extension
request 50% or more of the license tax liability as indicated on the extended Net Profit License Tax Returns.

Any automatic extension shall be granted with the understanding that all prior filing and payment requirements
have been fulfilled. However, if upon further examination it becomes evident that prior filing and payment
requirements have not been fulfilled, interest and penalty shall be assessed in full and in the same manner as
though no extension had been granted.

State Exemptions

The following persons are exempt under Kentucky law from the net profit license tax and are not required to
file a return.
1. Public Service Corporations which pay an ad valorem tax on property valued and assessed by the
Kentucky Department of Revenue pursuant to the provisions of KRS 136.120.

2. Persons whose businesssoleactivity is the manufacture of and/or sale of alcoholic beverages.
(However, persons having only a portion of their business activity being derived from the manufacturing
and/or selling of alcoholic beverages are required to file a return, but may exclude that portion of their
net profits derived from such manufacture and/or sale of alcoholic beverages. See instructions for more
detailed information.)

3. Life insurance companies incorporating under the laws of and doing business in the Commonwealth of
Kentucky. (See KRS 136.320(4)(5)).

4. Banks, trust companies, combined banks and trust companies, combined trust, banking and title
businesses and savings and loan associations, whether state or federally chartered.
3

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                       General Instructions, Continued 
 
5.  Persons whose sole wages, salaries, commissions or other compensations for work performed or 
    services rendered in Georgetown/Scott County, Kentucky, are derived from service as members of the 
    Kentucky National Guard for active duty training, unit training assemblies and annual field training. 
 
                       Special Provisions of Local Laws 
                                                     
The following persons are exempt under applicable ordinances from the net profit license tax and are not 
required to file a Net Profit License Tax Returns:  
 
a)  With regards to income exempt from federal taxation, boards of trade, chambers of commerce, trade 
    associations or unions, Community Chest funds or foundations, corporations or associations organized 
    and operated exclusively for religious, charitable, scientific, literary, educational or civic purposes, or 
    for the prevention of cruelty to children or animals; clubs or fraternal organizations operated exclusively 
    for social, literary, educational or fraternal purposes where no part of the earnings, income or receipts of 
    any such units, groups or associations inures to the benefits of any private shareholder or individual. 
    Proof of Internal Revenue Service approval of not-for-profit status must be furnished upon application 
    for a business license or upon the request of the Georgetown/Scott County Revenue Commission. 
 
b)  Nonresidents who sell farm products, other than trees, shrubs, or ornamental plants, in Scott County, or 
    nonresident owners who sell livestock in Scott County or who board livestock in Scott County for 
    breeding purposes. 
 
c)  Persons authorized by the City of Georgetown, City of Stamping Ground, City of Sadieville, City of 
    Oxford or the Scott County Fiscal Court to demonstrate, sell or offer for sale any goods, wares or 
    merchandise at an annual, semi-annual or other festival or arts and crafts show. 
 
d)  Funds received from the state as a share of the tobacco settlement funds to be paid to farmers are exempt 
    from inclusion in net profit for the purpose of calculating the net profit which is subject to this 
    occupational license tax as follows: 
 
    (1) Any amount received by a producer of tobacco or a tobacco quota owner from the 
        multistate settlement with the tobacco industry, known as the Master Settlement 
        Agreement, signed on November 22, 1998; 
 
    (2) Any amount received from the secondary settlement fund, referred to as “Phase II, “ 
        established by tobacco companies to compensate tobacco farmers and quota owners for 
        anticipated financial losses caused by the national tobacco settlement; and 
 
    (3) Any amount received from funds of the Commodity Credit Corporation for the Tobacco 
        Loss Assistance Program as a result of a reduction of the tobacco quota allotted from the 
        1998 to the 1999 calendar year as provided under Public Law 106-78, Title 8, Section 
        803. 
 
Note: Those organizations that pay wages, salaries, commissions or other compensation for work performed or 
services rendered within Georgetown/Scott County must apply for a business license and submit withholdings 
on those wages, salaries, commissions or other compensation. 

                                                    4

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns

PLEASE READ THE INSTRUCTIONS BEFORE COMPLETING FORM NP100

Taxpayer Information

In order for your return to be processed properly you must:

• file using Georgetown/Scott County Revenue Commission Form NP100, Net Profit License Tax Returns.
• complete and attach the appropriate Worksheet used to determine the Adjusted Net Profit per Line 1 of
Form NP100, Net Profit License Tax Returns.
• enter or verify the year for which the return is filed.
• enter or verify the federal identification number or social security number under which your federal tax
return was filed.
• clearly indicate or verify the name and address of the business and note any changes.
• sign and date the return.
• attach copies of the appropriate federal tax forms and all supporting documentation. The following is a list
of the most common federal tax returns required for each form of business enterprise.

Sole proprietorship U.S. Treasury Form 1040, Separate Schedules C, D, E, F,
etc.
Fiduciary U.S. Treasury Form 1041
Partnership U.S. Treasury Form 1065 including Schedule K
Corporation U.S. Treasury Form 1120
Sub-Chapter S corporation U.S. Treasury Form 1120-S including Schedule K

All questions must be answered fully. If the question does not apply to your business indicate “NA”.

Line A: Enter a business telephone number, including area code.

Line B: Enter the principal business activity of the entity.

Line C: Enter the principal owner and/or administrative officer’s name.

Line D: If the business was discontinued in the current or a prior year enter the date the business ceased
operations. In addition, indicate whether the business was dissolved or sold. If the business was sold
enter the name and address of the purchaser.

Line E: Indicate if the business entity is an affiliate of a consolidated corporate federal return.

Line F: Indicate whether or not the business had employees within Georgetown and or Scott County during the
period covered by the Net Profit License Tax Return. If so, enter the number of employees.

Due date of return: THE FIFTEENTH DAY OF THE FOURTH MONTH FOLLOWING THE CLOSE OF THE FISCAL
YEAR (APRIL 15, 2018 FOR CALENDAR YEAR FILERS)

Make checks payable to: GEORGETOWN/SCOTT COUNTY REVENUE COMMISSION
(abbreviated G.S.C.R.C.)

Mail returns to: GEORGETOWN/SCOTT COUNTY REVENUE COMMISSION
P O B O X 8 0 0
GEORGETOWN KY 40324

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued
Tax Computation
Line 1: Enter the Adjusted Net Profit from the applicable Worksheet. This worksheet must be completed in
order to determine your Adjusted Net Profit.

Line 2: Enter the average allocation percentage from Worksheet Y, Line 4, Column C, Parts I and II. For
Scott County Schools enter the same factor as that calculated for Scott County in Part II.

Line 3: CITY OF GEORGETOWN SOLE PROPRIETORS ONLY – Subtract the $10,000 net profit
exemption if the owner of the business is age 65 or older on the last day of the taxable year. SCOTT
COUNTY ONLY – Subtract the $10,000 net profit exemption. All business entities pay Scott County
Schools tax.

Line 4: Scott County School multiply Line 1 by Line 2. Enter the result on Line 4.

For City of Georgetown and Scott County multiply Line 1 by Line 2 then subtract Line 3. Enter the
result on Line 4 If this results in a negative amount then the tax due is 0. It does not create a credit to
use.

Line 5: Occupational tax rate.

Line 6: Multiply Line 4 by the license tax rate. Enter the result on Line 6.

Line 7: Enter on Line 7 any credits due. Indicate which of the following credits are being used.

• Estimates or tentative payments can be made at any time during the fiscal year. These amounts will
be applied to the current year liability with any overpayment carried forward as a credit or refunded as
indicated by the licensee.

Line 8: Deduct Line 7 from Line 6. Enter the result on Line 8.

Line 9: If the license tax due is not paid by the due date of the return then penalty is assessed at the rate of five
(5%) percent for each calendar month or fraction of calendar month the license tax remains unpaid.
This penalty is to be assessed on the first day after the due date and on the first day of each succeeding
calendar month until the license tax is paid. The maximum penalty due is twenty-five (25%) percent of
the license tax due and the minimum penalty is $25.00. The minimums and maximums are to be
applied separately to each jurisdiction. Multiply the license tax due on Line 8 by the appropriate
percentage. Enter the result, but not less than $25.00, on Line 9 for each jurisdiction.

Line 10: If the license tax due is not paid by the due date of the return then interest is assessed at the rate of
twelve (12) percent per annum. Multiply the license tax due on Line 8 by the appropriate percentage.
Enter the result on Line 10.

Line 11: Add Lines 8 through 10. If the balance is a positive number then enter the balance due as shown in
Columns A, B and C on Line 12. Pay this amount. If the balance is negative you must indicate on
Line 12 if you desire to have the overpayment refunded or applied to future returns as a credit.

Note: The period of limitation for refund of license taxes is two (2)years.

Line 13: IMPORTANT: You must indicate your desire to receive next year’s Form NP100 tax packet by
checking the box on line 13. If you do not check the box, a tax packet will not be mailed to you.
However, the form will still be available for download on the Commission’s website.

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                                                       Georgetown/Scott County Revenue Commission                               For Year Ended 
                                                     2017 Net Profit License Tax Returns
                                                                                                                                   /        /
Name and address                                                                                                             Business type
                                                                         Federal ID # or Social Security #                   Individual
                                                                                                                             Corporation
                                                                                                                             Partnership
                                                                                                                             LLC/Individual
      Final return (Check only to inactivate the account-- Complete Question D)                                              LLC/Partnership
      No activity in jurisdictions during tax year (Check only if no activity in all jurisdictions)                          Other_________
A)    Business telephone:                                                        B)  Principal business activity
C)    Principal owner/administrative officer
D)    If business activity was discontinued within the jurisdiction during the year, state when 
      Dissolution               Sale                 If sale, name  and address of successor
                          Other                      If other, describe 
E)    Is the business entity an affiliate of a consolidated corporate federal return?               YES
                                                                                                    NO
F)    Did you have employees in the jurisdiction during the tax year?                               YES                      If YES, how many?
                                                                                                    NO
      Make check payable                                                 FILING STATUS (per federal return)
      and mail to:                                   Worksheet I         Federal Schedule C, Schedule E, Schedule F or 1099-Misc
Georgetown/Scott County                              Worksheet P         Federal Form 1065, Schedule K and rental schedule(s)
   Revenue Commission                                Worksheet C         Federal Form 1120, 1120A, 1120S, Schedule K and rental schedule(s)
      P O Box 800                                                                TAX COMPUTATION
Georgetown, Kentucky 40324                                                    City of               Scott                       Scott County
                                                                             Georgetown     County                              Schools
                                                                                 (A)                (B)                         (C)

   1) Adjusted net profit from Worksheet
   2) Business apportionment (see reverse)..                                            %                          %                         %
   3) Less: Net profit exemption                     ..see instructions.                            $10,000
   4) Taxable net profit ({line 1 X line 2} minus line 3)

   5) Occupational license tax rate                    ………..                          1%                           1%                    0.50%
   6) Total tax due…………………………………..
   7) Less: Estimated payments/credits                               ..
   8) Balance due……………………………………
   9) Late Filing/Payment Penalty 5% a month Max 25%   
      Minimum $25- due even if filed late with no tax due
10)   Interest……12% per annum……………………

11)   Total amount due/(overpayment)>>
12) Overpayment                 Refund                     Credit        Payment Due (Add Line 11, Columns A,B & C)
**13) Please check this box if you need the 2018 Form NP100 mailed to you next year.
RETURN MUST BE SIGNED - I hereby cerify, under penalty of perjury, that the statements made herein and any supporting schedules are true,
correct, and complete to the best of my knowledge.
                                                                         OFFICE USE ONLY
                                                                         Rec'd
Preparer's signature                                            Date     Ck. No.            Taxpayer's signature                  Date
                                                                         Amt.
Print name                                                               By                 Print name                                 Date
*Please do NOT staple or paperclip check to return.

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                                                                                                                                    Federal ID # or 
                                                                                WORKSHEET Y                                         Social Security #

                                                           BUSINESS APPORTIONMENT
                                                                  PART I - CITY OF GEORGETOWN 
                                                                                                                                    DIVIDEĻ
APPORTIONMENT FACTORS                                      COLUMN A                                     COLUMN B                    COLUMN C
                                            CITY OF GEORGETOWN                                          TOTAL EVERYWHERE            A ÷ B = C
1)    PAYROLL FACTOR
     Compensation paid or payable
                to employees                                                                                                                         %
2)  SALES REVENUE FACTOR
  Receipts from the sale, lease, or rental
     of goods, services, or property                                                                                                                 %

3) TOTAL PERCENTAGES
                                                                                                                                                     %

4) BUSINESS APPORTIONMENT                   Enter here and on page 1, line 2 for Georgetown of Net Profit License Tax Return 
If you had both a payroll factor and a sales revenue factor everywhere, then divide line 3 by two (2).                                               %
IfIf you hadhda payrollllffactort or salesl revenue factor,f t bt tbththbut not both, then entert ththe percentaget fromf lineli 33.

                                            PART II - SCOTT COUNTY AND SCOTT COUNTY SCHOOLS
                                                                                                                                    DIVIDEĻ
 APPORTIONMENT FACTORS                                     COLUMN A                                     COLUMN B                    COLUMN C
                                                      SCOTT COUNTY                                      TOTAL EVERYWHERE            A ÷ B = C
1)    PAYROLL FACTOR
     Compensation paid or payable
                to employees                                                                                                                         %
2)  SALES REVENUE FACTOR
  Receipts from the sale, lease, or rental
     of goods, services, or property                                                                                                                 %

3) TOTAL PERCENTAGES
                                                                                                                                                     %

4) BUSINESS APPORTIONMENT Enter here and on page 1, line 2 for Scott County and Schools of Net Profit License Tax Return 
If you had both a payroll factor and a sales revenue factor everywhere, then divide line 3 by two (2).                                               %
If you had a payroll factor or sales revenue factor, but not both, then enter the percentage from line 3.

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                 ****IMPORTANT****                                                                                                         Federal ID # or
This Worksheet along with copies of all applicable federal forms and schedules MUST                                                        Social Security #
be attached to the Net Profit License Tax Return.
                                                 WORKSHEET C 
                 COMPUTATION OF ADJUSTED NET PROFIT
     FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. CORPORATE INCOME TAX RETURN
1)   Taxable income or (loss) per Federal Form 1120 or 1120A or Ordinary income
     or (loss) per Federal Form 1120S (Attach the applicable 1120 or 1120A,
     Pages 1 and 2 or 1120S Pages 1, 2 and 3, Schedule of Other Deductions
     and rental schedule(s), if applicable)

2)   State income taxes and occupational taxes based on income deducted
     on the Federal Form 1120, 1120A or 1120S (Attach schedule)

3)   Net operating loss deducted on Form 1120

4)4) Additions from Schedule K of Form 1120S (See instructions) (Attach Additions from Schedule K of Form 1120S (See instructions) (Attach 
     Schedule K of Form 1120S and rental schedule(s), if applicable)

5)   Total Income (Add lines 1 through 4)

6)   Subtractions from Schedule K of Form 1120S (See instructions) (Attach 
     Schedule K of Form 1120S and rental schedule(s), if applicable)

7)   Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

8)   Local/other adjustments (Attach full explanation and schedule)

9)   Total adjustments (Add lines 6 through 8)

10)  Adjusted Net Profit (Subtract line 9 from line 5)
     Enter here and on line 1 of the Net Profit License Tax Return

                 WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION
                 Kentucky Alcoholic Beverage Sales
1)       DIVIDEĺ Total sales                                                                                                                                %

2)   Enter "Total Income" from line 5 of Worksheet C

3)   Alcoholic Beverage Sales Deduction (multiply line 1 by line 2)
     Enter here and on line 7 above

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                 ****IMPORTANT****                                                  Federal ID # or
This Worksheet along with copies of all applicable federal forms and schedules MUST Social Security #
be attached to the Net Profit License Tax Return.
                                                 WORKSHEET I 
                 COMPUTATION OF ADJUSTED NET PROFIT
    FOR BUSINESS ENTITIES REQUIRED TO FILE INDIVIDUAL U.S. INCOME TAX RETURN
1)  Non-employee compensation as reported on Form 1099-Misc reported as
    "Other Income" on Federal Form 1040 (Attach Page 1 of Form 1040 and
    Form 1099)

2)  Net profit or (loss) per line 31 of the Federal Schedule C of Form 1040
    (Attach Schedule C Pages 1 and 2)

3)  Gain or (loss) on sales of business property used in a trade or business from
    Federal Form 4797 or Form 6252 reported on Schedule D of Form 1040
    (Attach Form 4797 Pages 1 and 2 and/or Form 6252)

4)  Rental income or (loss) per Federal Schedule E of Form 1040
    (See instructions)(Attach Schedule E)

5)  Net farm profit or (loss) per Federal Schedule F of Form 1040
    (Attach Schedule F Pages 1 and 2)

6)  State income taxes and occupational license taxes based upon income
    deducted on the Federal Schedule C, E, or F (Attach schedule)

7)  Total Income (Add lines 1 through 6)

8)  Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

9)  Local/other adjustments (Attach full explanation and schedule)

10) Total adjustments (Add lines 8 and 9)

11) Adjusted Net Profit (Subtract line 10 from line 7)
    Enter here and on line 1 of the Net Profit License Tax Return

                 WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION
                 Kentucky Alcoholic Beverage Sales
1)       DIVIDEĺ Total sales                                                                         %

2)  Enter "Total Income" from line 7 of Worksheet I

3)  Alcoholic Beverage Sales Deduction (multiply line 1 by line 2)
    Enter here and on line 8 above

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                      ****IMPORTANT****                                             Federal ID # or
This Worksheet along with copies of all applicable federal forms and schedules MUST Social Security #
be attached to the Net Profit License Tax Return.
                                                 WORKSHEET P 
                              COMPUTATION OF ADJUSTED NET PROFIT
    FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. RETURN OF PARTNERSHIP INCOME TAX RETURN
1)  Ordinary income or (loss) per Federal Form 1065 (Attach Form 1065,
    Pages 1, 2 and 3, Schedule of Other Deductions, and rental schedule(s),
    if applicable)

2)  State income taxes and occupational taxes based on income deducted
    on the Federal Form 1065 (Attach schedule)

3)  Additions from Schedule K of Form 1065 (See instructions) (Attach 
    Schedule K of Form 1065 and rental schedule(s), if applicable)

4)) Total income((Add lines 1 throughg 3))

5)  Subtractions from Schedule K of Form 1065 (See instructions) (Attach 
    Schedule K of Form 1065 and rental schedule(s), if applicable)

6)  Alcoholic Beverage Sales Deduction (Worksheet X, Line 3)

7)  Local/other adjustments (Attach full explanation and schedule)

8)  Professional expenses not reimbursed by the partnership (Attach schedule
    of expenses)

9)  Total adjustments (Add lines 5 through 8)

10) Adjusted Net Profit (Subtract line 9 from line 4)
    Enter here and on line 1 of the Net Profit License Tax Return

                  WORKSHEET X: ALCOHOLIC BEVERAGE SALES DEDUCTION
                  Kentucky Alcoholic Beverage Sales
1)       DIVIDEĺ              Total sales                                                            %

2)  Enter "Total Income" from line 4 of Worksheet P

3)  Alcoholic Beverage Sales Deduction (multiply line 1 by line 2)
    Enter here and on line 6 above

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued
WORKSHEET Y
BUSINESS APPORTIONMENT

Part I – City of Georgetown

Part I must be completed by all licensees with sales revenue and/or payroll both within and without the
City of Georgetown. Completion of the schedule allocates to the City of Georgetown the proportionate part of
the licensee’s total business activity attributable to the City. If your business is conducted entirely within the
City then Part I should not be completed. Instead, enter 100% on Page 1, Line 2 of Form NP100 under the
column labeled “City of Georgetown”, and complete Lines 3 through 12 of that column.

Payroll factor

Line 1, Column A: Enter the total compensation paid or payable to employees for work done or services
performed or rendered within City ofGeorgetown during the period covered by the Net
Profit License Tax Return.
Line 1, Column B: Enter the total compensation paid or payable to employees for work done or services
performed or rendered in all business locations during the period covered by the Net
Profit License Tax Return.
Line 1, Column C: Divide Column A by Column B. Enter the result on Line 1, Column C. Carry out to
at least six (6) decimal places.
Sales revenue factor

Line 2, Column A: Enter the total sales revenue from the sale, lease, or rental of goods, services, or property
received from all City of Georgetown sources during the period covered by the Net
Profit License Tax Return.
Line 2, Column B: Enter the total sales revenue from the sale, lease, or rental of goods, services, or property
received from all sources including the City of Georgetown during the period covered by
the Net Profit License Tax Return.
Line 2, Column C: Divide Column A by Column B. Enter the result on Line 2, Column C. Carry out to at
least six (6) decimal places.
Average percentage

Line 3, Column C: Add Column C, Lines 1 and 2. Enter the result on Line 3, Column C.
Line 4, Column C: Divide Line 3, Column C by the number of percents used on Lines 1 and 2, Column C.
Enter the result on Line 4, Column C and Page 1, Line 2 of Form NP100 under the
column labeled “City of Georgetown”.

Note: If one of the factors (payroll or sales revenue factor) is missing the remaining factor is the average
allocation percentage Page 1, Line 2 of Form NP100. A factor (payroll or sales revenue) is considered missing
if:
1. With regards to the payroll factor, a licensee’s entire business operation did not have any compensation paid
or payable to employees for work done or services performed or rendered. (i.e. Part I, Line 1, Columns A
and B both equal zero).

2. With regard to the sales revenue factor, a licensee’s entire business operation did not recognize any receipts
from the sale, lease, or rental of goods, services, or property. (i.e. Part I, Line 2, Columns A and B both
equal zero).

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued
WORKSHEET Y
BUSINESS APPORTIONMENT

Part II – Scott County and Scott County Schools

Part II must be completed by all licensees with sales revenue and/or payroll both within and without
Scott County. Completion of the schedule allocates to Scott County and the Scott County Schools the
proportionate part of the licensee’s total business activity attributable to Scott County. If your business is
conducted entirely within Scott County then Part II should not be completed. Instead, enter 100% on Page 1,
Line 2 of Form NP100 under the column labeled “Scott County” and “Scott County Schools” and complete
Lines 3 through 12 of that column.

Payroll factor

Line 1, Column A: Enter the total compensation paid or payable to employees for work done or services
performed or rendered within Scott County during the period covered by the Net Profit
License Tax Return.
Line 1, Column B: Enter the total compensation paid or payable to employees for work done or services
performed or rendered in all business locations during the period covered by the Net
Profit License Tax Return.
Line 1, Column C: Divide Column A by Column B. Enter the result on Line 1, Column C. Carry out to
at least six (6) decimal places.
Sales revenue factor

Line 2, Column A: Enter the total sales revenue from the sale, lease, or rental of goods, services, or property
received from all Scott County sources during the period covered by the Net Profit
License Tax Return.
Line 2, Column B: Enter the total sales revenue from the sale, lease, or rental of goods, services, or property
received from all sources including Scott County during the period covered by the Net
Profit License Tax Return.
Line 2, Column C: Divide Column A by Column B. Enter the result on Line 2, Column C. Carry out to at
least six (6) decimal places.
Average percentage

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         Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued 
                                              WORKSHEET C 
                            COMPUTATION OF ADJUSTED NET PROFIT 
 FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. CORPORATE INCOME TAX RETURN 
 
Line 1:  Enter the taxable income after special deductions and net operating loss per federal Form 1120 or 1120A 
         (attach a copy of federal Form 1120 or 1120A and all supporting schedules) or enter the ordinary income or 
         (loss) per federal Form 1120S (attach a copy of federal Form 1120S, Schedule K and all supporting schedules). 
 
Line 2:  If a deduction is taken for state or local taxes (based on income) or license fees (based on income), regardless of 
         jurisdiction, by an individual on federal Form 1120, 1120A, or 1120S then the amount of those taxes or license 
         fees should be entered on Line 2. 
 
Line 3:  If a deduction is taken on federal Form 1120 for a net operating loss then the amount of the net operating loss 
         should be entered (as a positive number) on Line 3. 
 
Line 4:  The following income items which are allocated to the shareholders are not included as income on federal Form 
         1120S and thus must be added to income on Line 4. 
 
Net income from rental real estate activities Net long term capital gain 
Net income from other rental activities       Other portfolio income 
Interest income     Guaranteed payments to partners 
Dividend income                               Net gain under Sec 1231 (other than due to casualty or theft) 
Royalty income     Other income items per Schedule K     
Net short-term capital gain       (attach schedule  )                                                 
Enter the total of these items on Line 4 (attach a copy of Schedule K, and rental schedule(s), if applicable). 
 
Line 5:  Add Lines 1 through 4. Enter the total on Line 5. 
 
Line 6:  The following items which are allocated to the shareholders are not included in losses or expenses on federal 
         Form 1120S and are allowed as deductions for license tax purposes on Line 6. 
 
Net loss from rental real estate activities             Net long-term capital loss 
Net loss from other rental activities                   Net loss under Sec 1231(other than due to casualty loss or theft) 
Portfolio loss      Sec 179 expense     
Net short-term capital loss                             Deductions related to portfolio income 
Charitable contributions                                Other allowable deductions per Schedule K (attach schedule) 
Enter the total of these items on Line 6 (attach a copy of Schedule K, and rental schedule(s), if applicable). 
 
Line 7:  Enter the Alcoholic Beverage Sales Deduction from Worksheet X, Line 3. 
 
Line 8:  Enter other adjustments not included elsewhere on this Worksheet(attach a full explanation, including amounts, 
         of all items).   
 
Line 9:  Add Lines 6 through 8.  Enter the total on Line 9. 
 
Line 10: Subtract Line 9 from line 5 to determine the Adjusted Net Profit. Enter here and on Page 1, Line 1 of Form 
         NP100. 
 
                                                        9

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued
WORKSHEET I
COMPUTATION OF ADJUSTED NET PROFIT
FOR BUSINESS ENTITIES REQUIRED TO FILE INDIVIDUAL U.S. INCOME TAX RETURN

Line 1: Enter the amount of non-employee compensation reported on federal Form 1099 MISC on Line 1.
Note: Line 1 should only be completed by individuals who received payments for contract services
who are not claiming business expenses and did not own or operate a business during the year (attach
a copy of federal Form 1040 and Form 1099 MISC).

Line 2: Enter the net profit or (loss) per federal Schedule C, C-EZ (attach a copy of Federal Form 1040 and
applicable schedule(s)).

Line 3: Enter 100% of the short term capital gains and long term capital gains carried over from federal Form
4797 or Form 6252 (installment sales) to federal Schedule D representing gain from the sale of
property used in the trade or business. In addition, enter the net gain or (loss) from the sale of property
used in the trade or business per federal Form 4797 (attach a copy of federal Form 4797, Form 6252
and/or Schedule D).

Line 4: Enter the net rental profit or (loss) per federal Schedule E (attach a copy of Federal Form 1040 and
applicable schedule(s)).

Line 5: Enter the net farm profit or (loss) per federal Schedule F (attach a copy of Federal Form 1040 and
applicable schedule(s)).

Line 6: If a deduction is taken for state or local taxes (based on income) or license fees (based on income),
regardless of jurisdiction, on federal Schedule C, C-EZ, E or F then the amount of those taxes or
license fees should be entered on Line 6.

Line 7: Add Lines 1 through 6. Enter the total on Line 7.

Line 8: Enter the Alcoholic Beverage Sales Deduction from Worksheet X, Line 3.

Line 9: Enter other adjustments not included elsewhere on this Worksheet(attach a full explanation, including
amounts, of all items).

Line 10: Add Lines 8 and 9. Enter the total on Line 10.

Line 11: Subtract Line 10 from line 7 to determine the Adjusted Net Profit. Enter here and on Page 1, Line 1 of
Form NP100.

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Line-by-line Instructions for Form NP100, Net Profit License Tax Returns, Continued
WORKSHEET P
COMPUTATION OF ADJUSTED NET PROFIT
FOR BUSINESS ENTITIES REQUIRED TO FILE U.S. RETURN OF PARTNERSHIP INCOME TAX RETURN

Line 1: Enter the ordinary income or (loss) per federal Form 1065 (attach a copy of federal Form 1065,
Schedule K and all supporting schedules).

Line 2: If a deduction is taken for state or local taxes (based on income) or license fees (based on income),
regardless of jurisdiction, by an individual on federal Form 1065 then the amount of those taxes or
license fees should be entered on Line 2.

Line 3: The following income items which are allocated to the partners are not included as income on federal
Form 1065 and thus must be added to income on Line 3.

Net income from rental real estate activities Net long term capital gain
Net income from other rental activities Other portfolio income
Interest income Guaranteed payments to partners
Dividend income Net gain under Sec 1231 (other than due to casualty or theft)
Royalty income Other income items per Schedule K
Net short-term capital gain (attach schedule )
Enter the total of these items on Line 3 (attach a copy of Schedule K, and rental schedule(s), if
applicable).

Line 4: Add Lines 1 through 3. Enter the total on Line 4.

Line 5: The following items which are allocated to the partners are not included in losses or expenses on
federal Form 1065 and are allowed as deductions for license tax purposes on Line 5.

Net loss from rental real estate activities Net long-term capital loss
Net loss from other rental activities Net loss under Sec 1231(other than due to casualty loss or theft)
Portfolio loss Sec 179 expense
Net short-term capital loss Deductions related to portfolio income
Charitable contributions Other allowable deductions per Schedule K (attach schedule)
Enter the total of these items on Line 5 (attach a copy of Schedule K, and rental schedule(s), if
applicable).

Line 6: Enter the Alcoholic Beverage Sales Deduction from Worksheet X, Line 3.

Line 7: Enter other adjustments not included elsewhere on this Worksheet(attach a full explanation, including
amounts, of all items).

Line 8: Enter the amount of professional expenses incurred by the partners that were NOT reimbursed by the
partnership. Attach a schedule detailing these expenses.

Line 9: Add Lines 5 through 8. Enter the total on Line 9.

Line 10: Subtract Line 9 from line 4 to determine the Adjusted Net Profit. Enter here and on Page 1, Line 1 of
Form NP100.

- 17 -

Questionnaire for                                                                                                            Form BQ100
Occupational License                                                                                                     Revised 11/2017

Note: Certain information provided on this questionnaire such as business name, business address and owner's name may be subject to public
release under open records requests.  However,  the owner's personal information, including but not limited to social security number and/or
federal identification number, home address and reported financial information is strictly confidential and cannot be released to the public. 

Return to: Georgetown/Scott County Revenue Commission, PO Box 800, Georgetown, KY 40324

1) Business or individual name

2) Local business address
(No P O Boxes)                                                                                                                      Zip Code
3) Mailing address for
forms (if different)
                                                                                                                                    Zip Code
4) Email address (if applicable)

5) Telephone numbers             Business                                                    Fax

6) Ownership          Individual                  Partnership       Corporation                                 S corporation
                      LLC/sole prop               LLC/partnership   Non-profit                                  Other

7) Name of owner(s), partners,

or corporate officers

8) Social security number                                                                    Federal ID#

9) Nature of business

10) Date business or individual started in Georgetown/Scott County?                           /               /          (Month/Day/Year)

11) Will you be working within the city limits of Georgetown?                  YES                              NO

12) Do you have employee working in Georgetown/Scott County?                   YES                              NO
If YES, how many?

13) Do you have employees that are residents of Scott County?                  YES                              NO

14) Do you have subcontractors?  (If YES, attach a list and                    YES                              NO
indicate name and location of current project(s).)

15) Accounting period per federal income tax return                 Calendar year (12/31)

                                                                    Fiscal year                /                         (Month/Day)

16) Tax preparer name, address and telephone 

                                                                                                                Zip Code     Phone
17) Contact person name, address and telephone

                                                                                                                Zip Code     Phone
I certify, to the best of my knowledge, the above information is true, accurate and complete.

                 Signature                                          Printed name                                             Date

- 18 -

Form BQ100
Questionnaire for Occupational License
Instructions

COMPLETE ONLY IF YOU HAVE NOT PREVIOUSLY SUBMITTED A QUESTIONNAIRE. Please
make sure that you complete all items. If an item does not apply indicate “NA”. This form MUST be signed
and dated.

Line 1: Enter the legal business or trade name. Sole proprietors with no specific business name should
enter their name.

Line 2: Enter the address the business uses or will be using while working within Scott County.

Line 3: Enter the mailing address for forms if different from line 2.

Line 4: Enter the businesses email address if applicable.

Line 5: Enter the telephone and fax numbers of the business (including area code).

Line 6: Indicate which legal form of ownership the business uses for federal income tax reporting
purposes.

Line 7: List the names of the principal owners, partners or corporate officers.

Line 8: Enter the social security number and/or federal identification assigned to this business for federal
income tax purposes.

Line 9: Explain the nature of the business to be conducted within Scott County.

Line 10: Enter the date the business began work within Scott County. This may or may not be the same
date the business began operations.

Line 11: Indicate if any business activity will be conducted within the city limits of Georgetown.

Line 12: Indicate whether or not you have employees working in Scott County. If so, enter the number.

Line 13: Indicate whether or not any of the employees indicated on line 12 are residents of Scott County.

Line 14: Indicate whether or not you use subcontractors to perform the work within Scott County. If so,
you must provide a list of the names and addresses of those subcontractors. If you are just
beginning operations in Scott County and are not sure of the names of the subcontractors you
must provide a list as soon as they become available.

Line 15: Enter the accounting period used by the business for federal income tax purposes. In most cases
th
if your taxes are due April 15 then you are filing based upon a calendar year.

Line 16: Enter the person’s name and address that will be responsible for completing your income tax
returns. If you complete the returns yourself indicate self-prepared.

Line 17: Enter the name and address of the person you wish to designate as a contact person for matters
relating to this occupational license.

- 19 -

 YOUR RIGHTS AS A GEORGETOWN/SCOTT COUNTY OCCUPATIONAL TAX TAXPAYER 
                                                                     
MISSION                                                              Appeal—You have the right to appeal a determination of the 
                                                                     GSCRC, such as an assessment of license tax or penalty, 
The mission of the Georgetown-Scott County Revenue                   reduction or a denial of a refund, or a revocation of a license or 
Commission (GSCRC) is to provide courteous, accurate and             permit. 
efficient services for the benefit of Georgetown/Scott County and     
its citizens, and administer the occupational tax laws of the City   Conference—You have the right to a conference to discuss a 
of Georgetown, the Scott County Fiscal Court and the Scott           license tax matter. 
County Public School District in a fair and impartial manner. 
 
RIGHTS OF OCCUPATIONAL TAX TAXPAYER                                  Representation—You have the right to representation by an 
                                                                     attorney, accountant or other person in any hearing or conference 
Privacy—You have the right to privacy of information provided        with the GSCRC.  If you intend for your representative to come 
to the GSCRC.  The GSCRC is not authorized to discuss your tax       in your place, you must notify the GSCRC prior to any hearing or 
matters with anyone unless you authorize the GSCRC to do so.         conference. 

Assistance—You have the right to advice and assistance from the      Recordings—You have the right to make an audio recording of 
GSCRC in complying with the occupational tax laws of the City        any meeting, conference or hearing with the GSCRC, or to be 
of Georgetown, the Scott County Fiscal Court and the Scott           notified in advance if the GSCRC plans to record the proceedings 
County Public School District.                                       and to receive a copy of any recording. 

Explanation—You have the right to a clear and concise                Consideration—You have the right to consideration of: 
explanation of:                                                       
                                                                      •      Waiver of penalties or collection fees if “reasonable 
 •     Waiver of penalties, interest or collection fees, in full or          cause” for reduction or waiver is given (“reasonable 
       in part, pursuant to the GSCRC Consideration of Penalty               cause” is defined as: “an event, happening or 
       and Interest Abatement Request Policy on the Resources                circumstance entirely beyond the knowledge or control 
       tab of our website:                                                   of a taxpayer who has exercised due care and prudence 
       http://www.gscrevenue.com/Resources.aspx;                             in the filing of a return or report or the payment of 
                                                                             monies due the GSCRC pursuant to law or 
 •     Procedure for an appeal of a determination of the                     administrative regulation”); 
       GSCRC; and                                                     
                                                                      •      Installment payments of delinquent license taxes, 
 •     License tax laws and changes in license tax laws so that              interest and penalties. 
       you can comply with the law.

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Georgetown/Scott County 
                         PRSRT STD 
Revenue Commission, Inc 
                         US POSTAGE PAID 
P O  Box 800 
                         GEORGETOWN KY 
Georgetown, KY 40324 
                         PERMIT NO. 21
 
RETURN SERVICE REQUESTED

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