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Click here to open Occupational Tax
Reconciliation Form M-3 Any person earning a salary, wage,
commission, or any other compensation within the City Limits
of Mayfield, Kentucky is subject to an employee payroll license
fee. Employer’s are
required to withhold the payroll tax from each employees
gross earnings at the rate of 2% on the first $50,000, 1%
of the next $450,000, and ½% of all earnings over $500,000
annually. Quarterly tax
returns are mailed to each employer approximately 15 days prior to
the end of each quarter. Employers have until 30 days following
the end of the quarter to remit the taxes withheld for that
quarter. Any employer failing to remit all taxes by the due date
will pay a 10% penalty of all taxes due upon remittance. For more
information please contact the office of the City Clerk at: |