Kentucky HB518 mandates standard electronic forms for local business tax returns and electronic payments.

Kentucky HB518 requires the Secretary of State to create standard electronic forms for local business tax returns, including net profits and gross receipts occupational license taxes. Tax districts must adopt these forms by January 1, 2028, unless they have their own online filing system in place by January 1, 2025. Districts can opt out by submitting a written order to the Secretary of State. The Secretary must also provide electronic links for filing and update forms and instructions on a public website. The bill ensures that the state does not collect local taxes.

Kentucky HB518 mandates standard electronic forms for local business tax returns and electronic payments.

Kentucky HB518 requires the Secretary of State to create standard electronic forms for local business tax returns, including net profits and gross receipts occupational license taxes. Tax districts must adopt these forms by January 1, 2028, unless they have their own online filing system in place by January 1, 2025. Districts can opt out by submitting a written order to the Secretary of State. The Secretary must also provide electronic links for filing and update forms and instructions on a public website. The bill ensures that the state does not collect local taxes.