Madison County Finance
The Madison County Finance Office would like to remind the public that County Ordinance 06-18 regarding a 1% Net Profit tax and a 1% Occupational tax was adopted and put into effect January 1, 2007. The Net Profit Tax is 1% and those who must file are corporations ,partnerships, associations, individual proprietors or contractors, and fiduciaries for trust and estates.
The Madison County Occupational Tax is 1%. Each employer, of one or more persons, must withhold the license fee of 1% of gross salaries, wages, and commissions paid. All employees, full or part time, are subject to the license fee including employees of organizations in a business that is not subject to the license fee. Any individual or organization conducting business or profession in the county, even though they do not have an office, store, or permanent place in business located in the county is subject.
Madison County also has a Business Permit Ordinance 04-21
Effective July 1, 2004, every individual, contractor, corporation, partnership, or any business entity other than farmers must obtain a Business Permit from the Madison County Finance Director's Office. The Business Permit is $10.00 and is renewed each year on July 1.