Taxes & Incentives

State

Kentucky ranks second lowest in the nation for cost of doing business according to CNBC. Kentucky’s innovative and progressive tax incentive programs also provide the flexible financial assistance businesses need when locating, expanding or reinvesting in the state. For a comprehensive list of all Incentives, download this pdf or visit ThinkKentucky.com .

Local

Fulton and Hickman counties are committed to our growing industries and strive to invest in our businesses to create a successful business environment.

TVA Valley Investment Initiative

The Tennessee Valley Authority's Valley Investment Initiative is an economic development incentive program jointly conducted by TVA and distributors of TVA power offering competitive incentives to eligible customers who make multi-year commitments to invest in the Tennessee Valley. For comprehensive information about the TVA Investment Initiative, download this pdf.

  • State Property Tax Rates Per $100 Valuation, 2015

    For a full list of Kentucky’s Business taxes, download this PDF .
    SELECTED CLASS OF PROPERTY STATE RATE LOCAL TAXATION PERMITTED
    Real Estate $0.1220 Yes
    Manufacturing Machinery $0.1500 No
    Pollution Control Equipment $0.1500 No
    Raw Materials $0.0500 No
    Goods in Process $0.0500 No
    Finished Goods $0.0500 Yes
    Goods-In-Transit Exempt Limited
    Motor Vehicles $0.4500 Yes
    Other Tangible Personal Property $0.4500 Yes
  • Local Property Tax Rates Per $100 Valuation

    For more information about Fulton County, click here
    JURISDICTION PROPERTY TAXES REAL ESTATE TANGIBLES MOTOR VEHICLES
    COUNTY
    Fulton $0.2483 $0.3610 $0.3317
    CITY
    Fulton $0.2800 $0.2800 $0.2800
    Hickman $0.3760 $0.3760 $0.2340
    SCHOOL DISTRICT
    Fulton County Schools $0.4870 $0.4870 $0.5570
    Fulton Independent Schools $0.7540 $0.7540 $0.7800
  • Local Property Tax Rates Per $100 Valuation

    For more information about Hickman County, click here
    JURISDICTION PROPERTY TAXES REAL ESTATE TANGIBLES MOTOR VEHICLES
    COUNTY
    Hickman $0.2400 $0.2093 $0.1792
    CITY
    Clinton $0.2700 $0.2640 $0.2640
    Columbus $0.0000 $0.0000 $0.0000
    SCHOOL DISTRICT
    Hickman County Schools $0.5340 $0.5540 $0.5470

Local Occupational License Taxes, 2015

Cities, counties and school districts may levy an occupational license tax on the net profits of businesses and/or on the salaries and wages of employees earned in the jurisdiction. Rates can vary between the two types of occupational license taxes. Occupational license taxes may be levied on businesses as either a flat rate schedule or as a percentage of apportioned net profits or gross receipts. Where both the city and county levy an occupational license tax, a credit may be given, at the option of the local governments, for the amount paid to the city against the occupational license tax of the county. (Consult local jurisdictions for further details.)