Patterson

Hardin County

Recent Tax and Credit History

From Date Thru Date Tax Rate Credit Factor
(Tax Credit)		 Credit Rate
(Credit Limit)
01/01/2019 current 0.500% 0.000% 0.000%
04/01/2014 12/31/2018 1.000% 0.000% 0.000%
01/01/2014 03/31/2014 0.000% 0.000% 0.000%

* History displayed for the past 7 years.

Special Notes and Tax Documents

RULES & REGULATIONS
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TAX ORDINANCE
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2106 BUSINESS EXPENSES
Beginning with Tax Year 2018, the unreimbursed employee expense (2106) deduction is eliminated for federal income tax purposes for most employees. For Tax Year 2017 and prior, 2106 Business Expenses are limited to the amount deductible for federal tax purposes.
AGE EXEMPTION
Individuals under 18 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts under $10.01 will not be collected or refunded.  The $10.01 de minimis threshold does not apply to amounts required to be withheld by employers. 
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax are required if the anticipated amount due is $200 or more.
LOTTERY/GAMBLING WINNINGS
Lottery and gambling winnings are taxable - no minimum. Gambling losses may not offset gambling winnings unless the taxpayer is a professional gambler per IRS regulations.
NET OPERATING LOSS
Beginning with losses incurred in 2017, a net operating loss may be carried forward for 5 years. Losses incurred in tax years 2017 through 2021 are subject to a 50% phase-in limitation. The amount of net operating loss carry forward that may be utilized is limited to the lesser of 50% of the carried forward loss or 50% of that year’s income. For pre-2017 losses see Special Notes For Tax Years 2015 and Prior.
S-CORPS
S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37.
WITHHOLDING FILING FREQUENCY
If withholding amount is $2,400 or more in the immediately preceding calendar year or more than $200 in any one month of the preceding calendar quarter, file monthly - due date is the 15th day of the following month. All employers not required to file monthly, file quarterly - due date is the last day of the month following the end of the quarter. 
RULES & REGULATIONS
View Document
TAX ORDINANCE
View Document
2106 BUSINESS EXPENSES
2106 Business Expenses are allowed.
3903 MOVING EXPENSES
3903 Moving Expenses are NOT allowed.
AGE EXEMPTION
Individuals under 18 years of age are exempt from paying municipal income tax.
BALANCE DUE/OVERPAYMENT INFORMATION
Amounts of less than $1 will not be collected or refunded.
ESTIMATED PAYMENT REQUIREMENTS
Quarterly payments of estimated tax must be made if the anticipated amount is over $100.
LOTTERY/GAMBLING WINNINGS
Lottery/Gambling winnings are taxable - no minimum.
NET OPERATING LOSS
A net operating loss may be carried forward for 5 years.
RENTAL INCOME
Rental income is taxable provided that total gross rental is in excess of $250 per month.
S-CORPS
S-Corp distributive shares that do not represent wages are generally not taxable and should not be reported on Form 37 Schedule J.
WITHHOLDING FILING FREQUENCY
It is required that on or before the last day of each month, the taxes withheld in the previous month be paid and Form 11 filed with RITA. However, if the amount withheld in any one month for a municipality is less than $100, the employer may defer the filling of Form 11 and the payment of the amount withheld until the last day of the month following the end of each calendar quarter.