What are tax receipts

what are tax receipts

2012 GROSS RECEIPTS TAX RATES DECREASE FROM 2011

Based on House Bill 127. AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO GROSS RECEIPTS TAXES.

Delaware has enacted legislation decreasing a number of gross receipts tax rates. The following rate decreases are effective for taxable periods beginning January 1, 2012 .

Occupations requiring licenses. The gross receipts license fee for occupations requiring licenses decreases from 0.4147% to 0.4023% of aggregate gross receipts.

Contractors. The contractors' gross receipts license fee decreases from 0.6739% to 0.6537% of aggregate gross receipts.

Manufacturers. The manufacturers' gross receipts license fee decreases from 0.1944% to 0.1886% of aggregate gross receipts.

Wholesalers. The wholesalers' gross receipts license fee decreases from 0.4147% to 0.4023% of aggregate gross receipts.

Petroleum products wholesalers. The additional petroleum product wholesalers' gross receipts license fee decreases from 0.2592% to 0.2514% of all taxable gross receipts derived from the sale of petroleum or petroleum products.

Food processors wholesalers. The food processors wholesalers' gross receipts license fee decreases from 0.2074% to 0.2012% of aggregate gross receipts.

Commercial feed

dealer wholesalers. The commercial feed dealer wholesalers' gross receipts license fee decreases from 0.1037% to 0.1006% of aggregate gross receipts.

Retailers. The retailers' gross receipts license fee decreases from 0.7776% to 0.7543% of aggregate gross receipts.

Transient retailers. The transient retailers' gross receipts license fee decreases from 0.7776% to 0.7543% of aggregate gross receipts.

Restaurant retailers. The restaurant retailers' gross receipts license fee decreases from 0.6739% to 0.6537% of aggregate gross receipts.

Farm machinery retailers. The farm machinery retailers' gross receipts license fee decreases from 0.1037% to 0.1006% of aggregate gross receipts.

Grocery store retailers. The grocery store retailers' gross receipts license fee decreases from 0.3402% of the first $2 million per month and 0.6372% of aggregate gross receipts afterwards to 0.33% of aggregate gross receipts. There are no longer two rates.

Lessees. The leasing use tax decreases from 2.0736% to 2.0114% of the rent paid under a lease of tangible personal property.

Lessors. The lessors' gross receipts license fee decreases from 0.3110% to 0.3017% of lease rental payments received.

Last Updated: Thursday, 12-Jan-2012 13:07:50 EST

Source: www.revenue.delaware.gov

Category: Taxes

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