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What is gross receipts tax (GRT)?

April 26, 2017gross GRT receipts tax

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What is gross receipts tax (GRT)?

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Gross receipts tax is paid by both electric distribution companies and electric generation suppliers on the basis of the company’s or the supplier’s gross receipts from the sale of electric generation supply within the Commonwealth of Pennsylvania. Electric distribution companies and electric generation suppliers include the GRT as part of the cost of electric generation supply.