![]() ![]() ![]() A pass-through entity also reduces its Kentucky gross receipts by the. With the exception of cable television, satellite relay of distribution of video or radio transmissions, which are taxed at 10 percent regardless of the commercial or non-commercial designation of the end-user, the gross receipts tax rate for the remaining industries is 10 percent (non-commercial) and 11 percent (commercial). Kentuckys corporate income tax calculation starts with federal taxable income as. The returns must be filed on or before the 20th day or each calendar month for the preceding calendar month with the Office of Tax and Revenue, PO Box 556, Excise Taxes, Washington, DC 20044-0556.Īs a result of the baseball stadium legislation, commercial gross receipts (sales to business entities) are taxed at a higher rate than non-commercial gross receipts (sales to non-business entities). ![]() Natural or artificial gas by non-public utility person Businesses with gross receipts over 200,000 pay on a rate per 100 based on the classification. Not only is the tax inequitable, but it is also inefficient and distortionary.That is why most states abandoned GRTs in the early 1900s, as states developed the capacity to administer less harmful taxes. The gross receipts tax is a tax imposed upon the gross revenue received by the following industries for services and/or deliveries to a District of Columbia address (commercial and non-commercial):Ĭable television, satellite relay of distribution of video or radio transmissions If gross receipts are no more than 200,000, the tax due is 30. Gross receipts are the total amounts the organization received from all sources during its annual accounting period, without subtracting any costs or expenses. The economic harms of the gross receipts tax (GRT) were well understood by the early 20th century. ![]()
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