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BET Thresholds

Date: March 02, 2011

 

HB 154 will increase the threshold amounts for taxation under the business enterprise tax.  Current law requires any business having annual gross business receipts in excess of $150,000 or an enterprise value tax base greater than $75,000 to file a business enterprise tax return.  HB 154 will increase the threshold for gross business receipts to $200,000 and the enterprise value tax base to $100,000. 

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