Net Profit License Tax Return Form - City Of Pikeville (Page 4 of 4) in pdf

Net Profit License Tax Return Form - City Of Pikeville Page 4

hc019602 pikeville_hcf7533-pikeville 12/17/09 12:38 PM Page 4

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If the license tax due is not paid by the original due date of the return then a penalty is assessed at the rate of five (5%) percent

for each calendar month or fraction of calendar month the license tax remains unpaid. This penalty is to be assessed on the

first day after the due date and on the first day of each succeeding calendar month until the license tax is paid. Even if an

extension is obtained, the penalty will be calculated from the original due date. The maximum penalty due is twenty-five (25%)

percent of the license tax due and the minimum penalty is $25.00, even if the tax due is $0.00. Multiply the license tax due on

Line 8 by the appropriate percentage. Enter the result, but not less than $25.00, on Line 9.

If an extension is obtained and the return is not filed by extended due date the penalty will be calculated from extended due

date if tax was paid by original due date.

Net Profit License Tax Return Form - City Of Pikeville Page 4