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People also ask
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Which states have a cat tax?
We recommend you signNow out to Bennett Thrasher's State & Local Tax Team for any questions. Overview of State Gross Receipts Taxes. ... Ohio Commercial Activity Tax (Ohio CAT) ... Tennessee Business Tax. ... Washington Business & Occupation Tax (B&O Tax) ... Oregon Corporate Activity Tax (Oregon CAT) ... Delaware Gross Receipts Tax.
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What is business and occupation tax in West Virginia?
A Business and Occupation Tax is imposed on any persons(s) engaging or continuing with the state in any public service or utility business, except railroad, railroad car, express, pipeline, telephone and telegraph companies, water carriers by steamboat or steamship and motor carriers.
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What states have business and occupation taxes?
The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, and by municipal governments in West Virginia and Kentucky.
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Which states have GRT?
There are currently statewide gross receipts taxes in Delaware (gross receipts tax), Nevada (commerce tax), Ohio (commercial activity tax), Oregon (corporate activity tax), Tennessee (gross receipts tax), Texas (franchise tax), and Washington (business and occupation tax).
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What is subject to B&O tax?
Almost all businesses are subject to B&O tax since it's a tax on gross income and not just taxable sales. Washington has different classifications for B&O business activities; the four main classifications are Retailing, Wholesaling, Manufacturing, and Services & Other Activities.
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What state in the US is business tax free?
Which Are the Tax-Free States? Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington, and Wyoming are the only states that do not levy a state income tax. Note that Washington does levy a state capital gains tax on certain high earners.
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What does B&O mean in tax?
What is the business and occupation (B&O) tax? The state B&O tax is a gross receipts tax. It is measured on the value of products, gross proceeds of sale, or gross income of the business. Washington, unlike many other states, does not have an income tax.
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What states have occupational privilege taxes?
The following states have franchise (aka privilege) tax: Alabama. Arkansas. California* Delaware. Georgia. Illinois. Louisiana. Mississippi.
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