Defeated an Alaska gross receipts tax

Defeated an Alaska gross receipts tax

The idea was proposed by the Municipality of Anchorage looking to increase its revenues. But once again, NFIB fought to stop a tax on gross revenues that would have been charged no matter what the annual profit margins were. The suggested rate for the new tax was 7 percent, which would have meant $35,000 in new taxes for businesses with annual sales of more than $500,000. The idea was never put into bill form.