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ON THE BUSINESS PRIVILEGE TAX RETURN, SECTION B, WHAT IS THE $20,000.00 EXCLUSION AND WHO GETS IT?

April 26, 2017Business exclusion privilege section tax return

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ON THE BUSINESS PRIVILEGE TAX RETURN, SECTION B, WHAT IS THE $20,000.00 EXCLUSION AND WHO GETS IT?

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Per City Ordinance #6 of 1996 – Exemption on Gross Annual Receipts, individuals, married couples jointly in business, partnerships and corporations are entitled to ONE exemption from gross receipts. If you file more than one Business Privilege Tax return, you may take the exemption against ONLY ONE of those returns.