Occupational Taxes: Increase

Procurement

Taxes

Phone:
270-393-3000

Fax (Accounting):
270-393-3986

Fax (License/Treasury):
270-393-3636

Physical Address:
City Hall Annex
1017 College Street
Bowling Green, KY 42101

Mailing Address:
City of Bowling Green
PO Box 430
Bowling Green, KY 42102-0430

Hours:
8:00am - 4:00pm (Mon - Fri)

To ensure well-trained and adequately staffed public safety personnel, maintain lively parks, expand infrastructure, host exciting downtown events, and offer various services for our growing community, the Bowling Green Board of Commissioners approved a slight increase in Occupational Taxes from 1.85% to 2.0% on May 2, 2023. This change will be effective on January 1, 2024. More than 70% of the City of Bowling Green's revenue comes from Occupational taxes.

Here's what you need to know:

Starting January 1, 2024, all Wage Withholdings will need to be increased from 1.85% to 2.0%. The first filing with the new rate is due on either February 15, 2024 (for monthly filers) or April 30, 2024 (for quarterly filers).
Net Profit License Returns will adopt the new 2.0% rate for all fiscal years beginning on or after January 1, 2024.
The increased rate equates to an additional 15 cents per $100.

Annual Salary	Hourly Pay	Weekly Earnings	Occupational Withholdings @ 1.85%	Occupational Withholdings @ 2.0%	Weekly Difference
$31,200	$15.00	$600.00	$11.10	$12.00	$0.90
$52,000	$25.00	$1,000.00	$18.50	$20.00	$1.50
$74,880	$36.00	$1,440.00	$26.64	$28.80	$2.16
$99,840	$48.00	$1,920.00	$35.52	$38.40	$2.88

Occupational Taxes 1.85% and 2.0% - Graph

To learn about the City's revenue sources and how they benefit the community, refer to the 2023-2024 Annual Operating Budget.

For details on Occupational Taxes, visit the Office of Occupational License web page.

Let us know if anything is wrong with this page. However, please don't include any personal or financial information.

City of Bowling Green, Kentucky