Municipal net profit tax
In accounting, municipal net profit tax means a city income tax on a business's net profits, usually paired with a tax on wages earned in the city — Ohio municipalities, Philadelphia, Wilmington, Kansas City and St. Louis. Filed with the city, not the state.
- Layer
- Lexicon
- Defined in
- Lexicon
- Also called
- Net profits tax, Earnings tax
- Nearby
- 4
Authority
This definition follows Ohio Rev. Code ch. 718.
Every citation in this system, with the text we read and the date we checked it, is in US GAAP and where these rules come from.
What it is not called
Each of these is a real word for a different thing. Using it here is what makes a product read as though it was built by someone who has not done the work.
- state income tax
- gross receipts tax
Nearby in the catalog
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Also in Tax
Defined in Lexicon. This page is generated from that document, so the two cannot disagree.