Sentences with phrase «gross receipts tax in»

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.

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.

Not exact matches

The city's tax proposal would charge employers in Seattle that make $ 20 million or more annually in taxable gross receipts — and we all know Amazon makes a lot more than that — $ 500 per employee.

If you have successfully mined bitcoin or other virtual currencies, the IRS considers the receipt of that currency as gross income and should be included in your tax return as such.

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.

In addition, economic modeling demonstrates that SHELL gene testing will confer substantial annual economic gains to the oil palm industry, to Malaysian gross national income and to Malaysian government tax receipts.

Moving forward, certain small businesses ($ 50 million or less in gross receipts) can claim the credit directly against any alternative minimum tax (AMT) they are liable for.

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

Locked in a battle between the Republican - controlled House and Senate and Republican Gov. Matt Bevin, the Legislature sent him a 378 - page budget and tax bill — partly aimed at ending teacher strikes — that included a 6 percent tax on the gross receipts of companion -LSB-...]

Locked in a battle between the Republican - controlled House and Senate and Republican Gov. Matt Bevin, the Legislature sent him a 378 - page budget and tax bill — partly aimed at ending teacher strikes — that included a 6 percent tax on the gross receipts of companion animal veterinary services.

He represents large publicly traded and privately held businesses in controversies and transactional matters involving multi-state corporate income / franchise taxes, gross receipts taxes, sales and use taxes and other business privilege taxes.

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).

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

John A. Biek, co-chair of Neal Gerber Eisenberg's Taxation practice group, represents large publicly traded and privately held businesses in controversies, transactional matters and tax planning involving multi-state corporate income / franchise taxes, gross receipts taxes, sales and use taxes, and other business privilege taxes.

He recognized the adverse tax consequences that would result from Mr. Dowling's receipt of the damage award as a lump sum and, in my view, correctly included a «gross - up» to offset the additional tax liability occasioned by receipt of the funds all at once, as opposed to over time.

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.

Finally, the RTPA gradually phases in which sellers must collect and remit sales taxes based on their gross annual receipts.

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

For example, multiple counties prohibit basing a privilege or license tax on the gross receipts of a natural person engaged in an occupation in the county, including Cullman, Dekalb, Jackson, Lawrence, Limestone, Madison, Morgan, and Tuscaloosa Counties.