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Gross Receipt Taxes

Gross receipt taxes are charged to businesses and are based on the total revenues of a business. The tax is imposed on an annual or other periodic basis and is required on top of the sales tax. A gross receipt tax differs from a general sales tax in that it is a tax on the business activity itself and is assessed as a percentage of revenues received, regardless of the source of the revenue. The occupational license tax is a good example of such a tax: states require businesses to pay this tax in order to do business in the state.

Inside Gross Receipt Taxes