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Released A Report.pdf

Gross-Receipts-Tax-June-2017-Portland-Clean.pdf
Preview of released a report
🔗 Source: assets.documentcloud.org
📊 Size: 359 KB
👤 Author: Licenses
⬇️ Downloads: 51

Summary

The Portland Clean Energy and Justice Measure is a proposed gross receipts tax (GRT) that applies to businesses with global gross sales receipts of $1 billion or more and Portland gross revenues of $500,000 or more, with exemptions for food, medicine, and internet sales. The tax rate is 1% of Portland-apportioned adjusted gross revenue. The measure is estimated to raise between $35 and $51 million, but the Revenue Division recommends levying the tax on all businesses with global gross receipts of $1 billion, rather than just those with retail sales of $1 billion, to spread the tax over more payers and make it easier to administer and comply with.

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Description

The Portland Clean Energy and Justice Measure is a proposed gross receipts tax (GRT) that applies to businesses with global gross sales receipts of $1 billion...

Technical Information

  • File Format: PDF
  • File Size: 359 KB
  • Pages: 9
  • Language: EN
  • Author: Licenses
  • Total Downloads: 51
  • Last Updated: 4 weeks ago

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