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Unincorporated Tax Changes Highlight New Business Fee
Reading from the amendment, Rep Gladys M Brightman explains an added tax for unincorporated businesses with gross receipts over 1,000,000. The measure imposes 200 per thousand on manufacturing, motor transport, amusement, and retail sectors, and 100 per thousand on wholesale receipts, with a 5,000 cap exemption for mixed wholesale-retail operators. A registration requirement and fees accompany the tax, effective upon application and certificate issuance.
MENTIONED IN THIS ARTICLE
Gladys M Brightman
Brightman
New Brown
Kegshall