Occupational Taxes

Occupational Taxes

Taxes and fees levied on particular jobs and businesses. A liquor license for a bar and a health permit for a restaurant are both examples of occupational taxes. In the United States, occupational taxes are assessed at the state and local levels and generally are flat fees.
Mentioned in ?
References in periodicals archive ?
State or local government regulatory fees, licenses or flat rate occupational taxes, provided these fees are not paid for initial certification or licensing
Effective July 1, 2008, Section 11125 repeals the special occupational taxes on producers and marketers of alcoholic beverages.
The TTB reported that the payment of special occupational taxes will no longer be required from producers, wholesalers, importers, and retailers of alcohol beverages, as well as manufacturers of non-beverage products.
The legislation includes a package of business tax breaks to compensate for the higher minimum wage, including higher deductions for business meals, a repeal of occupational taxes related to distilled spirits and wine, and an extension of a tax credit for businesses that hire certain employee groups.
Amend or repeal section 5121, which requires special occupational taxes on alcohol retailers.
The improvement revenue bonds are secured by a pledge of utilities tax, communication services tax, franchise fees, and occupational taxes imposed by the city, guaranteed entitlement revenues received from the state revenue sharing trust fund, and the city's share of local government half cent sales tax revenues collected within the county and shared with its municipalities pursuant to a population based formula.
State or local government regulatory fees, licenses, or flat rate occupational taxes, provided these fees are not paid for initial certification or licensing
The BAIF reminds wholesalers and retailers that July 1st is the due date for special occupational taxes.
This provision was limited to the overpayment of interest on tax deficiencies relating to income taxes, estate and gift taxes, occupational taxes, public charities, private foundations, black lung benefit trusts, qualified pension plans and qualified investment entities; excluded was any authorization to abate interest on employment taxes.
In fiscal 2009, however, occupational taxes, which comprised 54% of total general fund revenues declined by 2.

Full browser ?