Several states in the United States have imposed gross receipts taxes.
The state B&O tax is a gross receipts tax.
The state also assesses a gross receipts tax of 4 cents per gallon.
A person with a $100-a-month gas and electric bill now pays about $5 a month for the gross receipts tax.
Like the sales tax, the gross receipts tax is passed on by utilities at the same rate to customers of all incomes.
Businesses were also subjected to a gross receipts tax.
A half a percent increase in the gross receipts tax paid by utility companies, to 3.5 percent.
No one, that is, except the state, which stands to reap a windfall in gross receipts taxes.
Sales of tangible property are additionally subject to a retail or wholesaler license and gross receipts tax.
In many places a gross receipts tax is charged, one that covers not just profit but all revenue.
