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Business Privilege Tax FAQs
1. What is the Business Privilege and / or Mercantile Tax?
2. What is a ‘business’?
3. What are Gross Receipts?
4. Are there ANY allowable deductions from total Gross Receipts?
5. Is rental property subject to the Business Privilege Tax?
6. Is manufacturing subject to the Business Privilege Tax and / or Mercantile Tax?
7. What documentation is required when filign the Business Privilege and / or Mercantile Tax Return?
8. How do I get a license to post at my place of business?
9. What if I don’t file and / or pay the Business Privilege and / or Mercantile Tax to which I am subject?