Sentences with phrase «gross receipts tax»

The combined gross receipts tax rate varies throughout the state.

Note: In addition to regular income taxes, many states impose other taxes on corporations such as gross receipts taxes and franchise taxes.

An effort by the NM Child Care and Education Association (NMCCEA) for a measure to exempt taxpaying early childhood programs from gross receipts taxes on NM PreK payments failed in the last hour of the legislative session.

New Mexico legislators have decided (according to the Albuquerque Journal) to exempt wind generation equipment from NMís gross receipts tax in addition to providing the wind farm owner a $ 0.01 per kWh state income tax credit for the first 400,000,000 kWh of electricity produced during each of the first 10 years, and authority to use of industrial development bonds.

While not listed in the Executive Budget's revenue summaries, it proposes to allow municipalities to extend their utility gross receipts taxes to wireless telecommunication carriers.

(Six states forgo corporate income taxes, but four of them impose economically distortive gross receipts taxes in their stead.)

The New Mexico gross receipts tax in particular is frightening, and I'm not sure of those implications as well as other taxation and liability issues.

Business inventories held for sale or exchange by merchants subject to the business gross receipts tax, are not assessable.

An increase since the 2016 study, nearly nine - in - ten (88 %) leaders currently say they somewhat or strongly support reforming New Mexico's gross receipts tax laws and exemptions (79 % were supportive in the 2016 study).

What in the world does Mattox's former job have to do with policy matters like gasoline taxes, utility gross receipts taxes, sales taxes and a million other things.

The gross receipts tax levied a 25 percent tax on marijuana at every step along the supply chain.

The state initially charged a gross receipts tax, which the study found led to inefficient vertical integration among many businesses.

How about a pledge of NO new taxes or fees, especially the gross receipts tax on our utility bills?

Various Republican amendments dating to 2006 called for capping the gross receipts tax.

-- State gasoline taxes would drop by about a penny a gallon under a one - year cap on the gross receipts tax, as proposed Monday by Democratic legislative leaders.

GRT repeal: The new tax cuts will include the repeal of the state's gross receipts tax (GRT) on energy for businesses.

You won't avoid the gross receipts tax, but other than that - everything stays as is.

Digital downloads are generally considered tangible personal property and are subject to gross receipts tax.

Pharmaceutical manufacturers or distributors should pay a gross receipts tax on opioid medications that can be passed up the chain.

He has an extensive knowledge of sales and use taxes, income taxes and property taxes; he also handles cases involving utility taxes, employment taxes, transfer taxes and gross receipts taxes.

Telecommunications company headquartered in the Northeast, with respect to sales tax, gross receipts tax and franchise tax issues

Ted counsels clients on a wide range of state and local tax issues involving income and franchise taxes, sales and use taxes, gross receipts taxes and telecommunication taxes.

Responsible for Paying FICA Tax, Fed Tax, and Gross Receipt Tax, Account Payable and Receivable, Payroll Transfers, Bank Reconciliation

Extensive experience in payroll and gross receipts tax.

In New Mexico, practitioners have lived for years with a broad - based sales tax, called a «gross receipts tax,» that is applied to all professional services, including real estate commissions.

First, a 20 percent increase in the gross receipts tax paid by REALTORS ® was deleted from the proposed tax package.

Washington state businesses must also pay a gross receipts tax, which amounts to about 1 percent of revenue — even if the business is losing money.