Gross receipts tax state — share your insights? Thanks!
Anyone have tips on having property in a gross receipts tax state? Do you collect it from your tenants?  Hoping to get as many tips from this post as possible. Any stories on exemptions to share etc?
[{"id": "i7dln1v", "text": "Though gross receipts aren\u2019t defined as income taxes they are often used as replacements for such in no tax states and I believe are technically income taxes because they are based on revenues (the ability to deduct expenses is a tax code enactment I believe). \n\nIncome taxes and any other levies that are unique to the owner vs the property aren\u2019t typically reimbursable in NNN (or other) leases.", "replies": [], "depth": 1}]