West Virginia replaced its corporate excise tax and gas pipeline tax with the first gross receipts tax, or gross sales tax, on July 1, 1921 — later called the business and occupation (B&O) tax.

In financial terms, gross income of any kind refers to the amount you receive before any deductions or taxes are taken out. A gross receipts example would be if your business sold $100,000 worth ...

Anti-tax groups mounted a pre-emptive strike Tuesday on any solution to the state’s $1.6 billion budget shortfall that includes a new gross receipts tax on Oregon businesses.

The Tax Foundation’s Jared Walczak has estimated that for a business with a fairly average 7 percent profit margin, a 0.57 percent gross receipts tax is really more like a 6.72 percent corporate ...

Under Ballot Measure 118, Oregon would enact a 3% corporate minimum tax on gross receipts over $25 million, then kick some money back to Oregon taxpayers.

“If I had my way, I’d take the tax out,” Republican Assemblymember P.K. O’Neill said last month about the state commerce tax paid by Nevada businesses. It’s not a bad ...

The proposal would raise the gross receipts tax rate by 0.375%, increasing it from 7.625% to 8%. The hike would be in effect for 20 years if approved.

On a single-family home worth about $250,000, that’s a tax bill of about $3,400 each year. Business owners pay the business income and receipts tax, which is both 5.81% tax on net income and 1.415 ...

By 2030, the gross receipts tax would drop again to 1.380 mills. By 2039, after the city’s $1 billion pension debt has been repaid, the gross receipts tax would be eliminated under Parker’s proposed ...