{"id":194,"date":"2012-06-29T21:31:26","date_gmt":"2012-06-29T21:31:26","guid":{"rendered":"http:\/\/www.websitefix.net\/clients\/Generic\/?page_id=194"},"modified":"2021-01-07T17:09:04","modified_gmt":"2021-01-07T17:09:04","slug":"state-tax-system","status":"publish","type":"page","link":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/?page_id=194","title":{"rendered":"State Tax System"},"content":{"rendered":"<p><strong>TAX &amp;  LICENSE \/ STATE TAX SYSTEM<\/strong><\/p>\n<p><strong>KENTUCKY  TAXES<\/strong><\/p>\n<p><strong>State  Income Tax<\/strong><br \/>\nKentucky imposes a tax on personal  income, using the adjusted gross income reported on the federal income tax  return minus allowable credits and deductions. The graduated tax rate falls between  2 and 6 percent, varying with filing status, income level, credits, and  allowable deductions. A low-income tax credit is available to qualified  taxpayers whose adjusted gross income falls beneath specified limits. For more  information on the complete tax structure used by the Commonwealth of Kentucky  or for answers to your specific questions, contact:<\/p>\n<p><strong>Kentucky  Department of Revenue<\/strong><br \/>\nFrankfort 502-564-4581<br \/>\n<a href=\"http:\/\/revenue.ky.gov\/\">http:\/\/revenue.ky.gov<\/a><\/p>\n<p><strong>Louisville  Taxpayer Service Center<\/strong><br \/>\n620 South Third Street<br \/>\nLouisville 502-595-4512<br \/>\n<a href=\"http:\/\/revenue.ky.gov\">http:\/\/revenue.ky.gov<\/a><\/p>\n<p><strong>Taxpayer  Ombudsman<\/strong><br \/>\nFrankfort 502-564-7822<br \/>\n<a href=\"https:\/\/revenue.ky.gov\/Get-Help\/Pages\/Taxpayer-Ombudsman.aspx\">https:\/\/revenue.ky.gov\/Get-Help\/Pages\/Taxpayer-Ombudsman.aspx<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Sales and  Use Tax<\/strong><br \/>\nKentucky imposes a state sales and  use tax of 6 percent on most retail items, with no local sales taxes. Some  exemptions apply and include residential utilities, prescription medicines, and  specific medical supplies. Use taxes are due on all items purchased outside of  Kentucky like catalog or Internet orders where tax has not already been paid.  Use tax payments can be filed at the time of each purchase or paid annually at  income tax filing time.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Inheritance  &amp; Estate Tax<\/strong><br \/>\nInheritance taxes in Kentucky are based  on the value of transferred property as well as the relationship of the  beneficiary to the decedent. Estate taxes are based on the federal estate and  gift tax guidelines. The estate tax is equal to the amount by which the credit  for state death taxes exceeds the Kentucky inheritance tax.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Property  Taxes<\/strong><br \/>\nProperty tax is levied on fair cash  value of all real, tangible, or intangible property unless exempt. All locally  taxed property is subject to county&nbsp;and school district taxes, and  property inside city limits may also be subject to city property tax.  Special&nbsp;local jurisdictions like fire protection, watershed, and  sanitation districts often levy taxes in their operating areas. For more  information or answers to questions, contact the property evaluation  administrator in your county or the Kentucky Revenue Cabinet.<\/p>\n<p><strong>Kentucky  Revenue Cabinet<\/strong><br \/>\n502-564-4581<br \/>\n<a href=\"http:\/\/revenue.ky.gov\">http:\/\/revenue.ky.gov<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TAX &amp; LICENSE \/ STATE TAX SYSTEM KENTUCKY TAXES State Income Tax Kentucky imposes a tax on personal income, using the adjusted gross income reported on the federal income tax return minus allowable credits and deductions. The graduated tax rate falls between 2 and 6 percent, varying with filing status, income level, credits, and allowable [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/pages\/194"}],"collection":[{"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=194"}],"version-history":[{"count":10,"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions"}],"predecessor-version":[{"id":968,"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=\/wp\/v2\/pages\/194\/revisions\/968"}],"wp:attachment":[{"href":"https:\/\/www.sunraydirect.com\/LexingtonKY3\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}