Kentucky, Michigan, New Jersey and West Virginia had recently repealed theirs. The resurgence of GRTs is surprising, given they had all but disappeared by the end of the 20th century. These enactments join the longstanding Delaware Gross Receipts Tax and Washington Business & Occupation (B&O) Tax, the relatively new Ohio Commercial Activities Tax (CAT) and Texas Margin Tax, and local gross receipts taxes in Pennsylvania, Virginia, Washington and West Virginia.
#Example of gross receipts license#
A San Jose, California gross receipts tax proposal was approved to gather petition signatures in 2016 but eventually morphed into a business license tax overhaul. Serious proposals to adopt a statewide gross receipts tax keep coming, with the last three years including Louisiana, Missouri, Oklahoma, West Virginia and Wyoming.Part of the revenue was to reduce the state’s MBT payroll tax, but legislators suspended those reductions this year it’s now in court. Nevada’s Commerce Tax took effect July 1, 2015, imposing differing tax rates on 26 categories of business with over $4 million in receipts.This is on top of the gross receipts tax that was phased in from 2014 to 2018 to replace the city’s payroll tax. San Francisco voters imposed an additional gross receipts tax on businesses with receipts of more than $50 million beginning January 1, 2019.Portland, Oregon also adopted a 1% gross receipts tax, imposed only on big businesses, starting January 1, 2019. Oregon officials are currently writing rules to implement it. Oregon’s new Commercial Activity Tax (CAT) takes effect January 1, 2020.One trend we’re seeing is the surprising comeback of the gross receipts tax (GRT): states and developing countries.” –Professor Richard Pomp, University of ConnecticutĪs the economy shifts to a digital one, we are finding that states are turning toward unconventional revenue options. “Generally, the only places with gross receipts taxes today are U.S.
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