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S.F. No. 1069 - Combined net receipts tax calculation modification (as proposed to be amended by the A-1 amendment)
 
Author: Senator Eric R. Pratt
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 7, 2017



 

Under current law, the tax base for the combined net receipts tax is net receipts minus prizes paid from pull-tabs, tipboards, and electronic linked bingo. Tax rates are imposed on four brackets of combined net receipts. This bill subtracts from the tax base amounts expended for specified lawful purpose contributions and expenditures before the rates apply. Effective beginning July 1, 2017.

 
Check on the status of this bill
 
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